Which of the following illustrates how the recognition of revenue earned on account affects the financial statements? 
Definitions:
Sensorimotor Intelligence
The stage in Jean Piaget's theory of cognitive development, occurring from birth until approximately 2 years of age, where infants learn through sensory experiences and manipulating objects.
Third Stage
A reference point in processes or sequences, commonly used to describe the final phase in childbirth when the placenta is delivered.
Tertiary Circular Reactions
A stage in Piaget's theory of cognitive development where infants experiment with new behaviors to see the outcomes, typically occurring between 12 and 18 months of age.
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