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

question 130

Multiple Choice

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

• A)April 5.
• B)April 6.
• C)April 12.
• D)April 21.

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Definitions:

Appearances

Appearances refer to the outward or visual aspects of someone or something, how entities are perceived visually by others.

Stereotypic Judgments

Stereotypic judgments are assessments made about individuals or groups based on generalized beliefs or stereotypes rather than on their individual characteristics.

Characteristics

Qualities, traits, or features that distinguish a person, object, or phenomenon, defining its nature and behavior.

Resistance

The refusal to accept or comply with something; it can also refer to the ability not to be affected by something.