Which of the Following Is Not a Condition Required by the SEC

question 80

Multiple Choice

Which of the following is not a condition required by the SEC for the recognition of revenue?

• A)Delivery of goods or rendering of services.
• B)Transfer of cash from the buyer to the seller.
• C)Fixed or determinable price.
• D)Existence of an arrangement.

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Definitions:

Progressive Era

A period of widespread social activism and political reform in the United States from the 1890s to the 1920s, aimed at eliminating problems caused by industrialization, urbanization, immigration, and political corruption.

Booker T. Washington

Booker T. Washington was an influential African American educator, author, orator, and advisor to presidents of the United States in the late 19th and early 20th centuries, who advocated for African American advancement through education and entrepreneurship.

W.E.B DuBois

An American sociologist, historian, and civil rights activist who was a leading figure in the fight for African American rights and co-founder of the NAACP.

Jack Johnson

Jack Johnson was the first African American world heavyweight boxing champion, known for his groundbreaking career and challenges to racial barriers in the early 20th century.