A Deferral Refers to an Event

question 101

Multiple Choice

A deferral refers to an event:

• A) where the recognition of an expense or revenue is recorded before the cash is paid or received
• B) where the liability for an expense is recorded after the expense is actually incurred
• C) where the liability for an expense is recorded before the expense is actually incurred
• D) where the recognition of an expense or revenue is recorded after the cash is paid or received

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Definitions:

Haploid

One set of chromosomes, in contrast to diploid; characteristic of gametes.

Crossing Over

The exchange of genetic material between homologous chromosomes during meiosis, contributing to genetic diversity.

Non-Sister Chromatids

Chromatids belonging to separate homologous chromosomes that may exchange genetic material during meiosis.

Seminiferous Tubule

Tubule in the testis in which spermatozoa develop.