Question

If Fees Earned has been credited, it is most likely that:

A. a correcting entry for the overstatement of revenue was recorded. B. a customer paid in advance
C. services were provided.
D. the owner made an investment.​

Answer 1

C. services were provided.

Step-by-step explanation:

If Fees Earned has been credited, it is most likely that: "services were provided."

For fees to be earned it means something must have been done in exchange for the fee. Considering this is a business-related issue, then it is correct to conclude that "If Fees Earned has been credited, it is most likely that: services were provided."

Option A is not correct because the overstatement of revenue is not related to the fee warmed being credited.

Option B is not correct, because a payment made in advance does not correlate to a fee earned. Option D is not correct as well, because an investment has nothing to do with a few earned.