Which One of the Following Is Violated When a Department

question 63

Multiple Choice

Which one of the following is violated when a department store records revenue for gift certificates sold to customers that are not expected to be redeemed until next year?

• A)Matching
• B)Revenue recognition criteria
• C)Going concern
• D)Expense versus revenue concept

---

Definitions:

Deductive Argument

An argument that attempts to show that its conclusion makes explicit the information implicit in the premises, so that the conclusion must be true if the premises are.

Alarm

A device or mechanism designed to warn or alert individuals of potential danger or the need for immediate attention.

Perfect Scores

The highest possible marks achievable in a test or evaluation, indicating flawless performance.

Inductive Argument

An argument that attempts to show that its conclusion is supported by the premises even though the conclusion amplifies—it goes beyond—what the premises state.