Cash for Merchandise Delivered to the Customer in 2010 Is

question 155

Multiple Choice

Cash for merchandise delivered to the customer in 2010 is received in 2011. Using the accrual basis of accounting, the revenue should appear on:

• A)the 2010 income statement.
• B)the 2011 income statement.
• C)neither the 2010 nor the 2011 income statement.
• D)both the 2010 and 2011 income statements.

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Definitions:

Daily Bath

The practice of bathing on a daily basis for personal hygiene and relaxation.

Deodorant

A substance applied to the body to prevent or mask body odor by inhibiting bacterial growth or by masking the smell.

Antiperspirant

A substance applied to the body to reduce or prevent sweating by blocking the sweat ducts.

Microorganisms

Microscopic organisms that include bacteria, viruses, fungi, and protozoa.