Revenue Is Earned When the Business Has ________

question 165

Multiple Choice

Revenue is earned when the business has ________.

• A)entered into an agreement with the customer about the goods or services to be delivered
• B)prepared 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:

Ductus Deferens

A tube that carries sperm from the epididymis to the ejaculatory ducts in the male reproductive system.

Ejaculatory Duct

Duct formed by the union of the ductus deferens and the excretory duct of the seminal vesicle; opens into the prostatic urethra.

Epididymis

A long, coiled tube that is connected to the posterior surface of the testis, responsible for storing and transporting sperm cells that are produced in the testes.

Seminal Vesicle

One of two glandular structures that empty into the ejaculatory ducts; its secretion is one of the components of semen.