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:

Hemispheric Specialization

This term describes how different functions or processes are more dominant in one hemisphere of the brain than the other, such as language usually being more left-dominant.

Recognize Words

The cognitive process of identifying and understanding written or spoken language through visual or auditory perception.

Earphone

A device worn in or over the ears to listen to audio without disturbing others.

Endocrine

Relating to glands which secrete hormones or other products directly into the blood, influencing various bodily functions from growth to metabolism.