Argyle Designs Has a Contract to Design 20 New Dresses

question 40

True/False

Argyle Designs has a contract to design 20 new dresses for a customer, and will collect a total of $40 000 when the design services are complete. They start on 1 June. As of 30 June, Argyle has finished 4 of the 20 designs. They will make an adjusting entry at the end of June to accrue $10 000 of service revenue.

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Definitions:

Triploid

An organism or cell having three sets of chromosomes, which is uncommon in most species and often leads to developmental abnormalities.

Angiosperm Seed

The reproductive unit of flowering plants, consisting of an embryo, nutritive tissue, and a protective outer coat.

Endosperm

A tissue in seed plants formed by the union of a sperm with two polar nuclei during fertilization, providing nutrition to the developing embryo.

Seed Coat

The outer protective layer of a seed that shields the embryonic plant from damage and disease.