On October 1 of the Current Year,a Company Received $9,600

question 216

Multiple Choice

On October 1 of the current year,a company received $9,600 for services to be performed evenly over the next six months.If no adjusting entry was made on December 31 of the current year:

• A)net income would be understated by $9,600.
• B)net income would be understated by $4,800.
• C)net income would be overstated by $2,400.
• D)net income would be overstated by $4,800.

---

Definitions:

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Survey Research

A quantitative method of sociological research that involves asking people questions in a designed survey to collect data.

Objectivity

A principle of being unbiased and not influenced by personal feelings or prejudices in considering and representing facts.

Auguste Comte

Known as the father of sociology, he was a French philosopher who advocated for the scientific study of society and the development of sociology as a distinct academic discipline.