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    Intermediate Accounting Study Set 10
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    Exam 2: Conceptual Framework Underlying Financial Reporting
  5. Question
    Revenue Is Generally Recognized When Performance Is Achieved and It
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Revenue Is Generally Recognized When Performance Is Achieved and It

Question 30

Question 30

Multiple Choice

Revenue is generally recognized when performance is achieved and it is measurable and collectible.This statement describes the


A) consistency characteristic.
B) matching principle.
C) revenue recognition principle.
D) relevance characteristic.

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