________ Refer to Costs Incurred in a Period That Are

question 192

Short Answer

________ refer to costs incurred in a period that are both unpaid and unrecorded. ________ refer to revenues earned in a period that are both unrecorded and not yet received in cash (or other assets).

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Definitions:

Enzyme

Protein or RNA that speeds up a reaction without being changed by it.

Reverse Transcriptase

An enzyme that synthesizes DNA from an RNA template, essential in the replication of retroviruses.

Single-stranded DNA

A structure of DNA consisting of only one strand as opposed to the normal double-stranded DNA, often used in various biotechnological processes.

Recombinant DNA

DNA molecules formed by laboratory methods of genetic recombination to bring together genetic material from multiple sources, creating sequences that would not otherwise be found in biological organisms.