Which of the Following Is Not True Concerning Requirements of When

question 96

Multiple Choice

Which of the following is not true concerning requirements of when a company should recognize revenue?

• A)When delivery has occurred or services have been provided (rendered).
• B)When the price is fixed or determinable.
• C)When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured.
• D)When cash has been received for services rendered.

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Definitions:

Racism

Racism is an ideology that either directly or indirectly asserts that one group is superior to others, with the power to put this ideology into practice in a way that gives advantages, privilege, and power to certain groups of people, and conversely, can disadvantage or limit the opportunities of racialized individuals or racialized groups.

Discrimination

The unequal treatment of individuals or groups based on their characteristics or behaviours. It involves actions or practices of dominant group members that have a harmful impact on members of a subordinate group.

Hispanics

Individuals or communities that originate from Spanish-speaking countries, particularly those from Latin America and Spain.

Heterosexism

The belief in the natural superiority of heterosexuality as a way of life and therefore its logical right to dominance. Comprised of a system of ideas and institutionalized beliefs, it leads to the oppression of any non-heterosexual form of behaviour, identity, relationship, or community.