Mary Stone has a large consulting practice. New clients are required to pay one-half of the consulting lees up-front. The balance is paid at the conclusion of the constitution. How does Stone account for the cash received at the beginning of the engagement? a. No entry is required when engagement begins. b. Cash Earned Consulting Revenue c. Cash Unearned Consulting Revenue Earned Consulting Revenue d. Cash Unearned Consulting Revenue e. Prepaid Consulting Revenue Earned Consulting Revenue Darwin Corporation had beginning retained earnings of $1, 200,000 and ending retailed earings of $1, 400,000. During the year they earned $2,000,000 in revenue, issued common stocks totaling $300,000, and paid $400,000 in dividends. Determine what the expenses are for the year. a. $2,000,000 b. $1, 400,000. c. $600,000. d. $700,000. e. $1, 700,000. Beck, Inc. purchased a new delivery truck by paying cash. This transaction. a. Increased assets and decreased expenses, b. Increased assets and increased liabilities, c. Increased assets and increased equity, d. Increased assets and decreased equity, e. Did not increase assets. On September 1st, Richmark, Inc received $6,000 in advance to perform services over the next 5 months. On December 31st, Richmark would recognize: a. $1, 200 in liabilities and $4, 800 in revenue, b. $4, 600 in liabilities and $1, 200 in revenue, c. $1, 200 at assets and $4, 800 in revenue, d. $4, 800 in assets and $1, 200 in revenue, e. $1, 200 in revenue and no assets or liabilities