Revenue Is Recorded on an Income Statement When

question 20

Multiple Choice

Revenue is recorded on an income statement when

• A)payment for a sale has been received in full.
• B)an order for goods is placed.
• C)an exchange of goods or services has occurred and the earnings process is completed.
• D)an order for goods or services is placed and an initial payment is received.
• E)goods are placed in inventory and ready for future delivery.

---

Definitions:

B.F. Skinner

A prominent psychologist renowned for his work in behaviorism, particularly the development of operant conditioning.

Extinction

Gradual reduction and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Begging Behaviour

A survival strategy often observed in young animals, involving vocal or physical actions aimed at soliciting attention, care, or resources from adults.

Dog's Behaviour

The range of actions and mannerisms exhibited by dogs in response to their environment or stimuli, influenced by genetic, social, situational, and environmental factors.