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As a Result of the Revenue Recognition Project by the FASB

Question 118

Multiple Choice

As a result of the revenue recognition project by the FASB and IASB:


A) revenue is no longer recorded unless cash has been received.
B) revenue recognition places more emphasis on when changes occur in related expenses.
C) revenue recognition places more emphasis on when revenue is realized.
D) revenue recognition places more emphasis on when the performance obligation is satisfied.

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