Which of the Following Is Not a Condition That Must

question 37

Multiple Choice

Which of the following is not a condition that must be met for an item to be recorded as revenue?

• A)Revenues must be earned.
• B)The amount of the revenue must be measurable.
• C)The revenue must be received in cash.
• D)The costs of generating the revenue can be determined.

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Definitions:

Obverse

The statement formed by negating both the subject and predicate of a given categorical proposition and changing the quality from affirmative to negative, or vice versa.

Proposition

In philosophy, a content of thought expressed in language or symbols that can be analyzed as either true or false.

Converse

In logic, a statement formed by reversing the antecedent and consequent in a conditional statement; if the original statement is "If P, then Q," the converse is "If Q, then P."

Proposition

A pronouncement that exhibits a view or judgment.