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Which of the Following Is Not True Concerning Requirements of When

Question 96

Multiple Choice

Which of the following is not true concerning requirements of when a company should recognize revenue?


A) When delivery has occurred or services have been provided (rendered) .
B) When the price is fixed or determinable.
C) When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured.
D) When cash has been received for services rendered.

Correct Answer:

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