Which of the Following Correctly Describes the Effects of Recording

question 68

Multiple Choice

Which of the following correctly describes the effects of recording deferred revenues when cash is received from a customer?

• A)Revenues are increased.
• B)Liabilities are not affected.
• C)Retained earnings increases.
• D)Net income is not affected.

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Definitions:

σ Bonds

Single covalent bonds resulting from the head-on overlap of atomic orbitals and involving two electrons, characterized by their high strength and rotation around the bond axis.

π Bonds

Covalent bonds formed by the sideways overlap of two p-orbitals, containing a pair of electrons located above and below the axis of the bonded atoms.

Hybridization

A concept in chemistry where atomic orbitals mix to form new hybrid orbitals, explaining the geometry of molecular bonding.

Indicated Atom

A specific atom within a molecule that is highlighted or referenced, typically in the context of chemical reactions or structural discussions.