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Under the Earnings Approach for the Sale of Goods, Which

Question 34

Multiple Choice

Under the earnings approach for the sale of goods, which of the following would NOT be a reason to recognize revenue?


A) The risks and rewards are transferred to the buyer.
B) The vendor continues to have control over the goods sold.
C) Collectability is reasonably assured.
D) Costs and revenues can be reliably measured.

Correct Answer:

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