On January 1,2019,a Customer Places an Order for a New

question 6

Multiple Choice

On January 1,2019,a customer places an order for a new customized vehicle.The contract price is $42,000.The vehicle is delivered to the dealer and customer on April 1,2019.What amount of revenue does the dealer record on January 1,2019 and April 1,2019?

• A)$42,000;$0
• B)$21,000;$21,000
• C)$14,000;$14,000
• D)$0;$42,000

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Definitions:

Eyewitnesses

Individuals who have directly seen an event and can provide testimony about it.

High Confidence

A strong belief in one's abilities, qualities, or judgement.

DRM Paradigm

A cognitive psychology experiment that studies false memory by having participants recall a list of semantically related words, only to commonly falsely remember a related word not presented.

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Unwanted, involuntary memories that disrupt current thought processes and activities, often associated with trauma or stress.