Which of the Following Is Not a Condition to Be

question 12

Multiple Choice

Which of the following is not a condition to be satisfied when recognising revenue from the sale of goods or services?

• A) The seller retains control over the goods.
• B) Reliable measurement of the transaction costs.
• C) The probability of future economic benefits flowing to the seller.
• D) Transfer of the significant risks and rewards of ownership of the goods from the seller to the buyer.

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Definitions:

Hydrolysis

A chemical reaction in which water is used to break down the bonds of a particular substance, such as in the digestion of nutrients.

Macromolecules

Large molecules essential for life, including proteins, nucleic acids, carbohydrates, and lipids, which perform a variety of vital functions in cells.

Competitive Inhibition

A form of enzyme inhibition where a substance competes with the substrate for binding to the active site of the enzyme.

Enzymes

Enzymes are biological molecules, typically proteins, that significantly speed up the rate of virtually all chemical reactions within cells without being consumed by those reactions.