The Term "Realization" Refers to Which of the Following

question 67

Multiple Choice

The term "realization" refers to which of the following?

• A) the closing of an account
• B) the collection of cash from sale of goods or services
• C) the earning of revenue
• D) the correction of an error

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Definitions:

Terminating Decimal

A numerical value expressed in the decimal system with a limited number of digits following the decimal point.

Five-Figure Accuracy

Precision to five significant digits in a numerical value or measurement.

Terminating Decimal

A decimal featuring a specific, countable number of digits beyond the decimal point.

Five-Figure Accuracy

The precision or exactness of a numerical value up to five digits.