Which of the Following Transactions Should Not Result in Revenue

question 23

Multiple Choice

Which of the following transactions should not result in revenue recognition in 2016?

• A) Services for a customer were carried out on credit in 2016,to be collected in 2017.
• B) Services were carried out for a customer for cash in 2016.
• C) Payment was received from a customer in 2016,for services provided in 2015.
• D) Goods were sold to a customer on credit in 2016,with cash to be collected in 2017.

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Definitions:

Bacteria

Microscopic single-celled organisms that can be found in various environments, some of which are beneficial, while others can cause diseases.

Inflammation

A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, heat, swelling, and pain.

Hemorrhage

is the escape of blood from a ruptured blood vessel, leading to bleeding internally or externally.

Hypothalamus

An area of the brain situated beneath the thalamus that regulates the autonomic nervous system and the function of the pituitary gland, overseeing body temperature, thirst, hunger, and various other systems that maintain internal balance.