The Criteria for Recognition of Revenue at the Completion of Production

question 81

Multiple Choice

The criteria for recognition of revenue at the completion of production of precious metals and farm products include

• A) an established market with quoted prices.
• B) low additional costs of completion and selling.
• C) units are interchangeable.
• D) All of these answers are correct.

---

Definitions:

Power Factor Correction

Adding capacitance or inductance to a circuit to cause the current and voltage to become more in phase with each other.

Synchronous Condenser

A term used to describe a synchronous motor that is used to provide power factor correction.

Synchronous Speed

The speed at which the magnetic field in an AC machine rotates, typically in motors or generators, determined by the machine's electrical frequency and the number of magnetic poles.

Rotor Speed

The rotational speed of the rotor in a motor or generator, typically measured in revolutions per minute (RPM).