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    Financial Reporting
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    Exam 3: Additional Topics in Income Determination
  5. Question
    Stringent Rules Exist for Determining When Revenue Has Been Earned
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Stringent Rules Exist for Determining When Revenue Has Been Earned

Question 63

Question 63

True/False

Stringent rules exist for determining when revenue has been earned and is realizable thus leaving little flexibility for management to "manage earnings" within the confines of generally accepted accounting principles.

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