In Which of the Following Situations Can a Company Recognize

Multiple Choice

In which of the following situations can a company recognize revenue under GAAP?

A) A contract is signed for goods to be delivered next week.
B) Cash is received for goods to be delivered next week.
C) A company completes the production of goods for inventory and knows the costs incurred with certainty.
D) A company ships the goods that it received a deposit for the previous week.