If the Transferor of Accounts Receivable Cannot Meet All Conditions

question 47

Multiple Choice

If the transferor of accounts receivable cannot meet all conditions for a sale, the transferor records the proceeds received as a debit to Cash and records a corresponding credit to a(n)

• A)deferred revenue account
• B)deferred credit account
• C)liability account
• D)asset account

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Definitions:

Synaptic Pruning

A natural process of brain development in which extra neurons and synaptic connections are eliminated to increase the efficiency of neuronal transmissions.

Synaptogenesis

The process of forming synapses between neurons in the nervous system, crucial for brain development and plasticity.

Myelination

The biological process of forming a myelin sheath around the nerves in the brain and spinal cord, which improves the speed and efficiency of electrical signal transmission.

Habituate

The process of becoming accustomed to a stimulus or environment through repeated exposure, leading to a decrease in response.