When Cash Is Received in Advance of a Performance Obligation

question 233

Multiple Choice

When cash is received in advance of a performance obligation being satisfied,a(n) ________ called ________ is recorded.

• A)liability;Deferred Revenue
• B)asset;Deferred Revenue
• C)liability;Accounts Receivable
• D)asset;Accounts Receivable

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Definitions:

Polyploid Speciation

A form of speciation where the number of chromosomes in the genome of a new species is doubled or increased.

Self-Fertilization

A form of reproduction in which an organism fertilizes itself, often leading to a decrease in genetic diversity over time.

Plant Species

Distinct types of plants that belong to a particular genus, distinguished by specific genetic, morphological, or physiological characteristics.

Allopatric Speciation

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