The On-Delay Timer (TON) Starts Timing When the Timer's

question 61

Multiple Choice

The on-delay timer (TON) starts timing when the timer's:

• A)ladder rung switches from false to true.
• B)ladder rung switches from true to false.
• C)accumulated value equals its preset value.
• D)accumulated value is greater than its preset value.

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Definitions:

Recognized Up Front

The practice of recording or acknowledging revenue or expenses immediately at the time of a transaction.

Franchisor

A business entity that grants the license to a third party for the conducting of a business under the franchisor's marks.

Franchise Revenue

Income generated from the operation of a franchised business model, typically including fees and royalties paid by franchisees.

Matching Principle

An accounting principle that dictates expenses should be matched with the revenues they help generate, within the same accounting period.