What Is the Major Difference Between the Revenue and the Expenditure

question 65

Multiple Choice

What is the major difference between the revenue and the expenditure cycle?

• A)The revenue cycle includes marketing activities; the expenditure cycle does not.
• B)In the revenue cycle,cash is received; in the expenditure cycle cash is paid out.
• C)The expenditure cycle includes paying employees.
• D)The revenue cycle includes the activity of obtaining funds from investors.

Understand the relationship between sample representation and population generalizability.

Describe the implications of correctly stating research hypotheses for the interpretation of study results.

Identify how research hypotheses guide the research design and analysis process.

Understand the role and formulation of hypotheses in the research process.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company to reinvest in its core business or to pay debt.

Liability Account

An accounting record that captures the amounts a company owes to creditors.

Creditors

Creditors are individuals or entities to whom a company owes money for goods or services that have been provided.