Picasso Art School's Operating Activities for the Month of February

question 116

Multiple Choice

Picasso Art School's operating activities for the month of February are summarized in the following transactions: 1.Provided $1,500 of instructional lessons.
2) Received $2,100 cash from students-of which $1,200 is for lessons provided in February,and $900 is for lessons provided in January.
3) Paid January's rental bill of $300.Received February's bill of $450 but did not pay.
Determine Picasso Art School's Net Income for February using the accrual basis of accounting?

• A)$1,050
• B)$1,800
• C)$900
• D)$750

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Definitions:

Surface Acting

The process of externally displaying emotions or reactions that are not genuinely felt, often used in professional settings to meet job requirements.

Deep Acting

A technique of emotion regulation where individuals try to align their internal feelings with external display rules, often in professional settings.

Emotional Dissonance

A state experienced when an individual's genuine emotions are different from the emotions they are expected to display.

True Emotions

Authentic and genuine feelings, as opposed to those that are feigned or displayed for effect.