Mesquite,Inc

question 109

Multiple Choice

Mesquite,Inc.is ordering a new machine to be used in its manufacturing facility.Which of the following events would trigger the recognition of the machine and related liability on Mesquite's books?

• A)The company generates a purchase order.
• B)A technician installs the machine on the floor of the manufacturing facility.
• C)The company receives the machine.
• D)The company pays the bill from the supplier.

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Definitions:

Clerk

An employee who performs clerical work such as keeping records, filing, and other administrative tasks.

Prestigious Name

A name that carries high status or respect, often associated with excellence in a particular field.

Normal Model

A statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

Probability

The measure of the likelihood that a given event will occur, often expressed as a number between 0 and 1.