Revenue Is Said to Be Earned When the Business Has

question 102

Multiple Choice

Revenue is said to be earned when the business has:

• A)entered into an agreement with the customer about the goods or services to be delivered.
• B)passed a journal entry to record revenue.
• C)received cash from the customer before goods or services are delivered.
• D)delivered a good or service to the customer.

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Definitions:

Flagellated Sperm

Sperm cells equipped with a flagellum, allowing for motility in fluid environments, commonly found in many plants and some animals.

Bryophytes

Non-vascular plants that include mosses, liverworts, and hornworts, characterized by their life cycles and lack of true roots and leaves.

Sporophytes

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.

Triploid Cell

A cell that has three sets of chromosomes, often occurring in plants and some species of fish and amphibians.