Costs Assigned to the Building of a Ship Should Appear

question 46

Multiple Choice

Costs assigned to the building of a ship should appear on the income statement when

• A)the ship is completed.
• B)the ship is sold.
• C)the purchase order to manufacture the ship is received.
• D)cash is collected for the sale of the ship.

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Definitions:

Vector DNA

Vector DNA refers to a molecule of DNA, such as a plasmid or virus, used to transfer genetic material into a cell in genetic engineering processes.

DNA Ligase

An enzyme that facilitates the joining of DNA strands together by catalyzing the formation of a phosphodiester bond.

DNA Polymerase

An enzyme that synthesizes DNA molecules from deoxyribonucleotides, the building blocks of DNA.

RNAi

Short for RNA interference, it is a biological process in which RNA molecules inhibit gene expression or translation, by neutralizing targeted mRNA molecules.