According to Myers,Paton and Littleton When Do Revenue and Profit

question 29

Multiple Choice

According to Myers,Paton and Littleton when do revenue and profit accrue in the earnings process for a clothing manufacturer?

• A)Purchase of the raw materials (cloth,thread etc. )
• B)Completion of the piece of clothing for sale
• C)Sale of the clothing to a retail store on credit
• D)All of the above

---

Definitions:

Domain

In mathematics, the set of all possible input values for which a function is defined.

Rational Function

A function represented by the ratio of two polynomials, where the denominator is not zero.

Rational Expression

A rational expression is a fraction where the numerator and/or the denominator are polynomials.

Simplify

The process of reducing a mathematical expression or equation to its most concise and simple form, removing parenthesis and combining like terms when possible.