Which of the Following Would Not Show the Five Characteristics

question 46

Multiple Choice

Which of the following would not show the five characteristics typically found in animals?

• A)sponges,which have no true tissues but have two layers of cells that perform different functions
• B)planaria,who have an incomplete digestive tract but do have muscles and excretory and reproductive systems
• C)trypanosome,a single-celled organism that causes sleeping sickness in humans
• D)leeches,segmented worms that are predatory on other animals
• E)tapeworms,flatworms that infest the intestines of humans

Determine the appropriate revenue recognition approach when outcome measurement is not reliable under IFRS.

Recognize revenue and expenses correctly under the installment sales method.

Apply the completed-contract method for long-term contracts.

Identify conditions that must be met for revenue recognition in the presence of a right of return.

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Definitions:

C

In programming, C is a high-level and general-purpose programming language that is widely used for system and application software, device drivers, and embedded firmware.

Disposable Income

Income available to an individual or household after deducting income taxes and other mandatory charges.

Inventory Investment

The purchase of goods and materials for the purpose of storing them for future sale or use in production.

Level of Inventory

Indicates the quantity of goods or materials a company has in stock at a given time, a critical factor in supply chain and operations management.