An Adjusting Entry Is Usually Not Required for a Revenue

question 39

Multiple Choice

An adjusting entry is usually not required for a revenue item when it is

• A)paid for by the customer and recorded in one period but not fully earned until a later period.
• B)earned, recorded and paid for by the customer in one period.
• C)budgeted, paid for, and partially earned in one period but not fully earned until a later period.
• D)earned in one period but not paid for by the customer or recorded until a later period.

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Definitions:

Type D Personality

A personality type characterized by the tendency towards negative affectivity and social inhibition, potentially leading to worse cardiovascular outcomes.

Distressed

Experiencing anxiety, sorrow, or pain; a state of mental suffering often triggered by external or internal stressors.

Impulsivity

The tendency to act on urges and desires without considering the consequences, often leading to hasty or poorly thought-out decisions.

Obesity

A medical condition characterized by excessive body fat that increases the risk of health problems.