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    Intermediate Accounting Study Set 9
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    Exam 2: Conceptual Framework for Financial Reporting
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    When Is Revenue Generally Recognized
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When Is Revenue Generally Recognized

Question 15

Question 15

Multiple Choice

When is revenue generally recognized?


A) When cash is received.
B) When the warranty expires.
C) When production is completed.
D) When the company satisfies the performance obligation.

Correct Answer:

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