Which of the Following Is Not Accomplished at a Party's

question 53

Multiple Choice

Which of the following is not accomplished at a party's national convention?

• A) nomination of the presidential candidate
• B) nomination of the vice-presidential candidate
• C) determination of the party's rules and bylaws
• D) development and ratification of the party's platform
• E) nomination of Senate and House candidates

---

Definitions:

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until earned.

Accrued Revenue

Revenue that has been earned but not yet received in cash or recorded by the accounting system.

Adjusting

The process of making entries in the accounting records at the end of an accounting period to account for items that were not fully recorded.

Accruals

An accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the associated cash transactions.