Question Details
Match each definition with its related term by selecting the
appropriate letter in the dropdown provided.
|
| Definition: | |
| A. |
Record revenues when earned and measurable (delivery of goods or
services has been performed, there is persuasive evidence of an
arrangement, the price is fixed or determinable, and collection is
reasonably assured).
|
| B. |
The time it takes to purchase goods or services from suppliers,
sell goods or services to customers, and collect cash from
customers.
|
| C. | Record expenses when incurred in
earning revenue. |
| D. | Decreases in assets or increases
in liabilities from ongoing operations. |
| E. | Report the long life of a
company in shorter time periods. |
| F. | Increases in assets or decreases
in liabilities from ongoing operations. |
| G. |
Decreases in assets or increases in liabilities from peripheral
transactions.
|
Show transcribed image text Match each definition with its related term by selecting the appropriate letter in the dropdown provided. Definition: A. Record revenues when earned and measurable (delivery of goods or services has been performed, there is persuasive evidence of an arrangement, the price is fixed or determinable, and collection is reasonably assured). B. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers. C. Record expenses when incurred in earning revenue. D. Decreases in assets or increases in liabilities from ongoing operations. E. Report the long life of a company in shorter time periods. F. Increases in assets or decreases in liabilities from ongoing operations. G. Decreases in assets or increases in liabilities from peripheral transactions.
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DATE ANSWEREDDec 08, 2020
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