[The Following Information Applies to the Questions Displayed Below

question 99

Multiple Choice

[The following information applies to the questions displayed below.]
Hoffman,Inc.adjusts its books each month but closes its books at the end of the year.The trial balance at March 31 before adjustments is as follows:

-According to service contracts,$4,810 of the Unearned Service Revenue has been earned in March.The amount of Service Revenue Earned to be reported in the March income statement is:

• A)$16,510.
• B)$21,320.
• C)$11,700.
• D)$20,410.

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Definitions:

Club Mosses

A phylum of seedless vascular plants with a life cycle similar to that of ferns.

Horsetails

Fern relatives with hollow, jointed stems, to which tiny leaves (reduced megaphylls) are attached in whorls.

Haploid

A term referring to a cell that contains a single set of chromosomes, typical of gametes.

Gametophyte Generation

The n, gamete-producing stage in the life cycle of a plant. Compare with Sporophyte Generation.