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:

Debit Credit
Cash $11,000
Accounts Receivable 9,700
Supplies 1,380
Prepaid Insurance 3,440
Equipment 30,600
Accumulated Depreciation: Equipment $12,240
Unearned Service Revenue 6,900
Capital Stock 5,600
Retained Earnings 23,800
Dividends 1,640
Service Revenue Earned 19,590
Salaries Expense 8,200
Utilities Expense 470
Rent Expense 1,700
$68,130 $68,130
According to service contracts, $4,890 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. $19,590

b. $24,480

c. $14,700

d. $23,690

In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.

Which of the following is a tax incentive