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  3. Study Set
    College Accounting Study Set 8
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    Exam 5: Adjusting the Accounts and Preparing an Adjusted Trial Balance
  5. Question
    In a Service-Type Business, Revenue Is Considered Recognized
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In a Service-Type Business, Revenue Is Considered Recognized

Question 2

Question 2

Multiple Choice

In a service-type business, revenue is considered recognized


A) at the end of the month.
B) at the end of the year.
C) when the performance obligation is satisfied.
D) when cash is received.

Correct Answer:

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