Which of the Following Evidences Delivery of Product to Customers

question 13

Multiple Choice

Which of the following evidences delivery of product to customers sufficient for company recording as revenues?

• A)A check received from the customer.
• B)An agreement to purchase product signed by the customer.
• C)A pick ticket in the warehouse.
• D)A bill of lading and tracking number with the shipper.

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Definitions:

Tax Bracket

A range of incomes taxed at a certain rate within a tax system, where the tax rate typically increases as income rises.

Before-tax Yield

The earnings or return on an investment before the deduction of any taxes.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, expressed as a ratio or percentage of the investment’s gain relative to its cost.

Salary Contribution

The portion of an individual's salary that is allocated to various types of benefits or investment plans, such as a retirement fund.