GAAP

question 89

Multiple Choice

GAAP

• A) requires that revenue not be recognized until cash is received.
• B) allows revenue to be recognized when a customer makes an order.
• C) provides only general guidance on revenue recognition, compared to the detailed guidance provided by IFRS.
• D) provides the same type of guidance as IFRS for revenue recognition.

---

Definitions:

Hyperpolarization

An increase in a cell's membrane potential, making it more negative and reducing the likelihood of generating an action potential.

Cell Body

The spherical part of a neuron that contains the nucleus and connects to the dendrites and the axon, playing a crucial role in processing information.

Dorsal Root Ganglion

A cluster of nerve cell bodies (neurons) in a dorsal root of a spinal nerve.

Satellite Cells

Cells located at the periphery of skeletal muscle fibers, involved in the repair and regeneration of damaged muscle tissue.