During November 2010,Asler,Inc

question 71

Multiple Choice

During November 2010,Asler,Inc.,performs consulting services.The client does not pay Asler until January 2011.

• A)Using the accrual basis of accounting,the revenue is reported in January 2011
• B)Using the cash basis of accounting,the revenue is reported in November 2010.
• C)Using the accrual basis of accounting,the revenue is reported in November 2010.
• D)Using the accrual basis of accounting,the revenue is reported when Asler's expenses are paid.

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Definitions:

Carbonyl Stretching

A vibrational mode observed in infrared spectroscopy, indicative of the C=O group's stretching within a molecule.

Amides

Organic compounds characterized by a carbonyl group (C=O) attached to a nitrogen atom, forming part of the structure of proteins and other important molecules.

1710 cm^-1

This refers to the typical absorption band in infrared spectroscopy for carbonyl (C=O) stretching in aldehydes, ketones, and carboxylic acids.

IUPAC

The global organization responsible for developing standardized nomenclature in chemistry and related fields.