[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:

Baseball Cards

Collectible items featuring baseball players, often traded or sold among enthusiasts and known for their historical and monetary value.

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where responses are rewarded after unpredictable intervals of time.

Fixed-Ratio Schedule

In behavioral psychology, it's a schedule of reinforcement where a response is reinforced only after a specified number of responses, promoting a high and steady rate of response.

Reinforcing

In behavioral psychology, refers to any consequence that strengthens or increases the likelihood of a behavior being repeated.