Thalidomide, Now Banned for Use as a Sedative in Pregnancy

question 51

Multiple Choice

Thalidomide, now banned for use as a sedative in pregnancy, was used in the early 1960s by many women in their first trimester of pregnancy. Some of these women gave birth to children with arm and leg deformities, suggesting that the drug most likely influenced

• A) early cleavage divisions.
• B) determination of the polarity of the zygote.
• C) differentiation of bone tissue.
• D) morphogenesis.
• E) organogenesis.

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Definitions:

Revenue Recognition

Revenue recognition is the accounting principle governing when revenue is considered earned and can be recorded.

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded at the time they are incurred, not necessarily when cash is paid.

Recognition Principle

An accounting concept dictating that revenue should be recognized in the income statement when it is realized or realizable and earned, not necessarily when cash is received.

Time Period Principle

An accounting principle stating that financial reporting should be done in regular intervals to ensure relevance and reliability.