Which of the Following Is a Condition Required by the SEC

question 89

Multiple Choice

Which of the following is a condition required by the SEC for the recognition of revenue?

• A)Completion of goods manufactured.
• B)Execution of a promissory note.
• C)Price in excess of $100.
• D)Reasonable assurance of collection.

---

Definitions:

Lipid Soluble

Refers to substances able to dissolve in fats or lipids, often influencing their absorption and transport in biological organisms.

Hypertonic Fluid

A solution having a higher concentration of solutes than the cytoplasm of a cell, leading to the cell losing water by osmosis.

Merocrine

A type of exocrine secretion where cells secrete substances without losing cytoplasm.

Apocrine Gland

A type of gland found in various parts of the body that secretes substances (often involved in scent and sweat) into hair follicles.