On December 15,2015,a Company Receives an Order from a Customer

question 123

Multiple Choice

On December 15,2015,a company receives an order from a customer for services to be performed on December 28,2015.Due to a backlog of orders,the company does not perform the services until January 3,2016.The customer pays for the services on January 6,2016.The revenue principle requires the revenue to be recorded by the company on:

• A)December 15,2015.
• B)January 3,2016.
• C)December 28,2015.
• D)January 6,2016.

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Definitions:

Developmental Disabilities

A diverse group of conditions due to an impairment in physical, learning, language, or behavior areas that begin during the developmental period.

Behaviour Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and reinforcement.

Autism Spectrum Disorder

A developmental disorder that affects communication and behavior, characterized by difficulties in social interaction and communication and by restricted or repetitive patterns of thought and behavior.

Mathematics

The study of numbers, quantity, and space as theoretical concepts (known as pure mathematics) or in practical applications to fields like physics and engineering (referred to as applied mathematics).