Multiple Choice
The earnings cycle is complete under two conditions: ________ and ________.
A) revenue recognition; matching
B) the sale is complete; the customer has paid the company
C) at least two years have passed; the customer has paid the company
D) the sale is complete; the customer has promised to pay the company
E) the cost of goods sold has been determined; operating revenues exceed operating expenses
Correct Answer:
Verified
Correct Answer:
Verified
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