When Services Are Performed on Account

question 176

Multiple Choice

When services are performed on account:

• A)cash is increased.
• B)revenue will not be recorded until the cash is received from the customer.
• C)accounts receivable is increased.
• D)accounts payable is increased.

---

Definitions:

Dependent Variable

In research, it's the variable that is being tested and measured, expected to change as a result of manipulations to the independent variable.

Manipulated

Refers to the controlled alteration or handling of variables in experiments to determine cause-and-effect relationships.

Placebo Effect

The phenomenon that occurs in an experiment when a participant’s response to a treatment is due to his or her expectations about the treatment rather than to the treatment itself.

Sugar Pill

A placebo, often used in medical trials to test the efficacy of new drugs by comparing their effects to those of an inert pill.