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    Auditing and Assurance Services Study Set 2
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    Exam 10: Auditing the Revenue Process
  5. Question
    Revenue Is Realized When a Product or Service Is Exchanged
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Revenue Is Realized When a Product or Service Is Exchanged

Question 6

Question 6

True/False

Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash.

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