In Which of the Following Circumstances Is Revenue NOT Earned

question 10

Multiple Choice

In which of the following circumstances is revenue NOT earned by a company?

• A) In return for goods supplied,a customer paid $1000 in cash.
• B) In return for goods supplied,a customer promised to pay $1000 later.
• C) In return for goods supplied,a customer gave the company $1000 in equipment.
• D) A customer paid $500 deposit for goods to be supplied in the next accounting period.

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Definitions:

Mescaline

A naturally occurring psychedelic compound found in certain cacti, known for inducing altered states of consciousness and visual hallucinations.

Hallucinogens

Drugs that cause profound distortions in a person's perceptions of reality.

Peyote

Peyote is a small, spineless cactus with psychoactive alkaloids, most notably mescaline, used primarily in Native American religious ceremonies for its hallucinogenic properties.

Psilocybin

A naturally occurring psychedelic compound produced by more than 200 species of mushrooms, known for its ability to produce profound changes in consciousness and perceptions.