During November 2017,Asler,Inc

question 113

Multiple Choice

During November 2017,Asler,Inc.,performs consulting services.The client does not pay Asler until January 2018.

• A)Using the accrual basis of accounting,the revenue is reported in January 2018
• B)Using the cash basis of accounting,the revenue is reported in November 2017.
• C)Using the accrual basis of accounting,the revenue is reported in November 2017.
• D)Using the accrual basis of accounting,the revenue is reported when Asler's expenses are paid.

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Definitions:

Wheat

A cereal grain that is a worldwide staple food, used to produce foods like bread, pasta, and other flour-based products.

Production Possibility Frontier

A schematic that reveals all potential highest productions for two different products, given a predefined set of resources and various factors.

Larger Oven

A reference to an increased capacity or size of an oven which can potentially enhance productivity or efficiency in cooking or baking.

Gain

An increase in wealth, resources, or value, often realized through investments, business operations, or other financial activities.