What Is the Best Time to Complete Your Reading Assignment

question 11

Multiple Choice

What is the best time to complete your reading assignment?

• A)Right before the test,that way it is fresh in your mind
• B)Before the class discussion,with enough time to review prior to the relevant class
• C)After your class discussion,so all of the difficult parts have been explained
• D)As soon as you receive it,so you can be ahead of the class

---

Definitions:

Deferred Gross Profit

The portion of gross profit on installment sales that is not recognized immediately but is deferred until cash is received.

Cost Recovery Method

An accounting method where profits are not recognized until all the costs of the goods sold are recovered.

Sales Price

The amount of money for which a product is sold to customers.

Transfer of Risks

The process in contracts where the risk of loss or damage to goods passes from the seller to the buyer.