Pidcoke Company sold services on account, 23,000 . This ...

[APUS57]

Pidcoke Company sold services on account, 23,000 . This transactions should be recorded as a(n)
 a. increase to cash.
  b. decrease to revenue.
  c. increase to accounts receivable.
  d. increase to accounts payable.

Question 2

Which of the following statements best defines the adverse interest threat as per AICPA's Guide for Complying with Rules 102-505 (2008)?
 
  A) the threat that a member will not appropriately evaluate the results of a service performed by the member or by an individual in the member's firm as part of providing another service
  B) the threat that a member will promote a client or employer's position to the point that his or her objectivity is compromised
  C) the threat that a member will not be objective because his or her interests are in opposition to those of a client or employer
  D) the threat that, because of a long or close relationship with a client or employer, a member will become too sympathetic to that entity's interests or too accepting of its work

[stanleka1]

Answer to Question 1

C

Answer to Question 2

C
Explanation: C) Adverse interest threat is the threat that a member will not be objective because his or her interests are in opposition to those of a client or employer.

[APUS57]

TYSM

[Dinolord]

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