Dolphin Co

question 56

Multiple Choice

Dolphin Co.received $1,500 in fees during 2017,1/3 of which will be earned in 2018.The rest was earned when the amount was received.The company should report which of the following amounts as income in 2017?

• A)$1,500
• B)$500
• C)$1,000
• D)$0

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Definitions:

Rear Seat Facing

An orientation of car seats for infants and young children where the seat faces the back of the vehicle, enhancing safety in the event of a collision.

18-Month-Old

A developmental phase for children aged one and a half years, marked by increased mobility, communication skills, and independence.

Toddler

Refers to a child who is between the ages of one and three years old, known for significant physical, emotional, and cognitive development.

Procedure-Inherent Accident

An unexpected and unintended incident that occurs as a natural part of a medical procedure or treatment, despite precautions.