Under Which One of the Following Situations Can a Company

question 154

Multiple Choice

Under which one of the following situations can a company recognize revenue underGenerally Accepted Accounting Principles?

• A)A company purchased raw materials to complete production of a customer order.
• B)A company completes production of a customer order to be delivered in two weeks.
• C)A customer signs a contract to purchase goods to be delivered in two weeks.
• D)A company receives a cash deposit from a customer to deliver goods in two weeks.
• E)A company ships the goods for which it received a deposit two weeks ago.

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Definitions:

Pre-mating Isolation

Mechanisms that prevent mating or fertilization between potential breeding pairs, contributing to species separation and evolution.

Allopatric

Referring to populations of a species that are geographically separated, leading to genetic divergence and potentially speciation.

Allopatric Speciation

A mode of speciation occurring when biological populations of the same species become isolated from each other to an extent that prevents or interferes with genetic interchange.

Parapatric Speciation

A mode of speciation in which new species evolve in adjacent or overlapping geographic areas, often due to differences in habitat or environmental pressures.