In Case of Deferred Revenue Liabilities,revenues Should Almost Always Be

question 27

Multiple Choice

In case of deferred revenue liabilities,revenues should almost always be recorded as earned when:

• A)the company receives an order for delivery of the product or the performance of a service.
• B)the company is reasonably sure that the product can be developed and delivered.
• C)the service is performed or the product is shipped.
• D)the company receives cash for the service to be performed or the product to be delivered.

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Definitions:

Disorganized-Disoriented

A classification in attachment theory, describing children who exhibit inconsistent and contradictory behavior in the presence of a primary caregiver.

Passive-Aggressive

A behavior pattern characterized by indirect resistance to the demands of others and an avoidance of direct confrontation, as in procrastinating, harboring secret feelings of resentment, or being sullen.

Avoidant

Pertaining to a behavior or personality style characterized by the avoidance of intimacy, social interaction, or confrontation.

Ambivalent

Having mixed feelings or contradictory ideas about something or someone.