The Following Classes or Superclasses of Fish Are Matched with an Example.Select

question 12

Multiple Choice

The following classes or superclasses of fish are matched with an example.Select the mismatched pair.

• A)Chondrichthyes-sharks
• B)Placodermi-lobe-finned fish
• C)Myxini-hagfish
• D)Osteichthyes-bony fish

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Definitions:

Revenue Recognition Principle

An accounting principle that dictates the specific conditions under which revenue is recognized or recorded.

Performance Obligation

A duty or task that a company must perform to satisfy a contractual commitment within a customer contract.

Accounting Period

An Accounting Period is a specific time frame for which financial statements are prepared, helping to compare and analyze financial performance and position, commonly a year, quarter, or month.

Time Period Assumption

The accounting principle that assumes a business's complex and continuous activities can be divided into shorter periods, such as months, quarters, or years, for reporting purposes.