Unearned Revenue Was $2,400 at the End of May and $3,000

question 97

Multiple Choice

Unearned Revenue was $2,400 at the end of May and $3,000 at the end of June.Service Revenue was $10,600 for the month of June.How much cash was received for services provided during June?

• A) $10,000
• B) $5,200
• C) $11,200
• D) $16,000

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Definitions:

Import Quotas

Limits set by a government on the amount or value of goods that can be imported into a country, usually meant to protect domestic industries.

Trade Restrictions

Measures imposed by governments to control the exchange of goods and services across borders, often to protect domestic industries.

U.S. Consumers

Individuals or groups within the United States who purchase goods and services for personal use.

Import Quota

An Import Quota is a government-imposed limit on the quantity or monetary value of a specific good that can be imported into a country within a specified time frame.