On January 1, 2017, a Customer Places an Order for a New

question 5

Multiple Choice

On January 1, 2017, a customer places an order for a new customized vehicle. The contract price is $45,000. The vehicle is delivered to the dealer and customer on April 1, 2017. What amount of revenue does the dealer record on January 1, 2017 and April 1, 2017?

• A)$45,000; $0
• B)$22,500; $22,500
• C)$15,000; $15,000
• D)$0; $45,000

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Definitions:

Ancestral Past

Pertains to the history, experiences, and genetic background of an organism's predecessors, which contribute to its present characteristics and behaviors.

Anatomy

The scientific study of the structure of living things, including their systems, organs, and tissues.

Development

The biological process through which organisms grow and develop, often involving morphological changes, from embryonic stages to adulthood.

Influenza Virus

A highly contagious viral infection that affects the respiratory system, causing symptoms like fever, cough, and aches.