menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Survey of Accounting Study Set 5
  4. Exam
    Exam 2: Understanding the Accounting Cycle
  5. Question
    The Term "Realization" Refers to Which of the Following
Solved

The Term "Realization" Refers to Which of the Following

Question 67

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q61: What is the effect on the accounting

Q62: At the end of the accounting period,Snyder

Q64: Significant interrelationships exist among a company's four

Q66: Temporary accounts are closed prior to the

Q68: Describe the difference between an asset exchange

Q69: The amounts of cash flow that would

Q70: Which of the following events involves an

Q71: Grace's cash flow from operating activities was:<br>A)

Q72: What does the account balance of Accounts

Q100: In a company's annual report, the reader

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines