Match Each Term with the Correct Statement Below

question 49

Multiple Choice

Match each term with the correct statement below.
-Allow you to assign intuitive names to areas of computer memory

• A)literal string
• B)high-level programming languages
• C)dialog box
• D)syntax
• E)whitespace
• F)compiler
• G)attributes
• H)Machine language
• I)Java virtual machine (JVM)

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Definitions:

FASB Statement No.109

A standard issued by the Financial Accounting Standards Board relating to income tax accounting.

Installment Method

A revenue recognition method that allows income to be realized at the point of sale and subsequently as payments are received.

Revenue Recognition

Accounting principle that determines the specific conditions under which income becomes realized as revenue.

Period Of Sale

The specific time during which a sale transaction is recognized in the accounting records, important for revenue recognition principles.