Which of the Following Transactions Should Not Result in Revenue

question 23

Multiple Choice

Which of the following transactions should not result in revenue recognition in 2016?

• A) Services for a customer were carried out on credit in 2016,to be collected in 2017.
• B) Services were carried out for a customer for cash in 2016.
• C) Payment was received from a customer in 2016,for services provided in 2015.
• D) Goods were sold to a customer on credit in 2016,with cash to be collected in 2017.

---

Definitions:

Abstract Texts

Written works that utilize theoretical concepts and complex language to discuss ideas not easily accessible through direct observation.

Edward Said

A Palestinian-American literary theorist and critic, best known for his work on orientalism and post-colonial theory.

Discourse Analysis

A methodological approach that studies how language is used in texts and context to construct meaning and social reality.

Orient

To align or position something relative to points of a compass or other specified positions; in a broader sense, to determine one's position or context in relation to something.