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    Auditing and Assurance Services Study Set 2
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    Exam 7: Revenue and Collection Cycle 279
  5. Question
    To Be Recognized, Revenues Must Also Be Realized or Realizable
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To Be Recognized, Revenues Must Also Be Realized or Realizable

Question 20

Question 20

Multiple Choice

To be recognized, revenues must also be realized or realizable and:


A) foreseeable.
B) collected.
C) earned.
D) shipped.

Correct Answer:

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