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    Business
  3. Study Set
    Understanding Financial Accounting
  4. Exam
    Exam 4: Revenue Recognition and the Statement of Incom
  5. Question
    If It Is Probable That Economic Benefits Will Flow to the Company
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If It Is Probable That Economic Benefits Will Flow to the Company

Question 13

Question 13

True/False

If it is probable that economic benefits will flow to the company and the amounts can be reliably measured, then revenue should be recognized.

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