Fees Earned (But Not Yet Received in Cash)by a Business

question 66

Multiple Choice

Fees earned (but not yet received in cash) by a business in exchange for services that it has provided appear on which of the following statements?

• A)Balance sheet
• B)Statement of Cash Received
• C)Statement of retained earnings
• D)Statement of cash flows
• E)Schedule of Accounts Receivable

---

Definitions:

Publicity

The act of gaining public attention or visibility for a person, product, or organization, often through the media.

Push Strategy

Directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product.

Promotional Mix

A combination of advertising, sales promotion, public relations, personal selling, and direct marketing strategies used to achieve marketing goals.

Channel Members

Individuals or entities involved in the process of making a product or service available for use or consumption by a consumer or business user.