Consider the Following Events for Sophia Incorporated: Under Accrual-Basis Accounting,what

question 61

Multiple Choice

Consider the following events for Sophia Incorporated: Under accrual-basis accounting,what is the appropriate day to record the expenses related to the sand volleyball camp?
$$\begin{array} { | l | l | } \hline \text { April } 5 & \text { Sophia purchas es volleyballs for } \$ 200 \text { on account. } \\\hline \text { April } 6 & \text { Sophia advertises a sand volleyball camp tor } \$ 20 \text { a person. } \\\hline \text { April } 12 & \text { Thirty people sign up for the camp paying a total of } \$ 600 . \\\hline \text { April } 21 & \text { Sophia hosts the sand volleyball camp. } \\\hline \text { April } 23 & \text { Sophia pays for the volleyballs purchased on April } 5 . \\\hline\end{array}$$

• A)April 5.
• B)April 12.
• C)April 21.

---

Definitions:

Team Building Exercises

Activities designed to strengthen the relationships and improve the cohesion and performance of a team.

Blame

The act of holding someone responsible for a fault or wrongdoing.

Goals

Enduring intentions to act; process or functional accomplishments that are targets of effort; the ends one strives to attain.

Stage IV

Typically refers to a classification or phase in a progression or series, which may vary in meaning depending on context (e.g., cancer stages, development stages).