Transcription

question 35

Multiple Choice

Transcription

• A) takes place in the nucleus of the cell.
• B) occurs when double strands of DNA separate, and RNA nucleotides pair with DNA nucleotides.
• C) produces mRNA.
• D) determines the sequence of codons on a particular mRNA molecule.
• E) All of these are true of transcription.

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Definitions:

Credit Period

Length of time allowed for payment of goods sold on account.

Discount Period

The time frame in which a payment can be made at a reduced rate.

Contra-revenue Account

An account that offsets revenue accounts on the income statement, such as sales returns, allowances, and discounts.

Sales Returns

Goods returned by customers after purchase, leading to a reduction in sales revenue.