The Garrison Company Offers Terms of Net 30 Days for Its

question 42

Multiple Choice

The Garrison Company offers terms of net 30 days for its credit sales. It records the revenue from these sales as soon as the sales are made rather than waiting until cash is received from the customers. This is an example of the

• A)consistency principle.
• B)realization principle.
• C)matching principle.
• D)conservatism constraint.

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Definitions:

Intestinal Tract

The continuous tube running from the stomach to the anus, including the small and large intestines, where food digestion and absorption occur.

Antiemetic

A type of medication that is used to prevent or treat nausea and vomiting.

Nausea

A sensation of unease and discomfort in the stomach, often preceding vomiting.

Dopamine

A neurotransmitter in the brain associated with pleasure, movement, and attention regulation.