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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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    When Do Most Companies Usually Recognize Revenue as Earned and Record
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When Do Most Companies Usually Recognize Revenue as Earned and Record

Question 158

Question 158

Multiple Choice

When do most companies usually recognize revenue as earned and record the revenue?


A) When payment is received
B) When the order is delivered
C) When title and risks of ownership pass to the buyer
D) When the customer's order is received

Correct Answer:

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