Bryson Accounting Services Performed Accounting Services for a Client in December.A

question 1

Multiple Choice

Bryson Accounting Services performed accounting services for a client in December.A bill was mailed to the client on December 30.The company received a check by mail on January 5.Which of the following accounts should appear on the balance sheet as of December 31 as related to the services performed?

• A)Prepaid Expense
• B)Accounts Receivable
• C)Unearned Revenue
• D)None,there is no entry in December.

Understand the concept and implications of anxiety sensitivity.

Recognize effective nonpharmacologic treatments for panic attacks and the rationale behind them.

Identify cognitive explanations and biological aspects of panic disorders.

Comprehend the role and effect of neurotransmitters in panic disorder.

---

Definitions:

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.

ABC

An abbreviation for Activity-Based Costing, a method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Direct Method

A cash flow statement preparation method that shows the specific sources of operating cash receipts and payments, contrasting with the indirect method.

ABC

Activity-Based Costing, an accounting method that assigns costs to products and services based on the activities and resources used in their creation and delivery.