Which of the Following Are Assertions About the Revenue Process

question 86

Multiple Choice

Which of the following are assertions about the revenue process?

• A)existence or occurrence - account balances
• B)completeness - account balances
• C)valuation and allocation - for classes of transactions
• D)rights and obligations - for account balances
• E)accuracy - for classes of transactions
• F)both A and B
• G)both C and D
• H)Both D and E

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Definitions:

Distribution

In statistics, the way in which values of a variable or dataset are spread out or distributed across possible values.

Interquartile Range

The difference between the 75th and 25th percentiles of a dataset, representing the middle 50%.

Playing Video Games

The action of engaging in games that are played on electronic devices such as computers, consoles, and mobile phones.

Frequency Distribution

A summary of data showing the number of instances that each value occurs.