On December 15, 2010, a Company Receives an Order from a Customer

question 101

Multiple Choice

On December 15, 2010, a company receives an order from a customer for services to be performed on December 28, 2010. Due to a backlog of orders, the company does not perform the services until January 3, 2011. The customer pays for the services on January 6, 2011. The matching principle requires the revenue to be recorded by the company on:

• A)December 15, 2010.
• B)January 3, 2011.
• C)December 28, 2010.
• D)January 6, 2011.

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Definitions:

Electrolyte Imbalances

A condition where the levels of minerals in the body, crucial for various physiological processes, are either too high or too low, affecting overall health.

Care Plan

A document that outlines the individualized care to be provided to a patient to meet their specific health needs.

Fluid

Any substance that can flow and take the shape of the container that holds it, including liquids, gases, and plasmas.

Outcome Statement

A clear, measurable statement describing the expected result of a treatment, intervention, or service in healthcare.