Which of the Following Statements About the Critical Event in the Revenue-Generation

Multiple Choice

Which of the following statements about the critical event in the revenue-generation sequence is true?

A) The most common critical event used is the receipt of cash from the customer.
B) The critical event is the point that can be readily documented and at which all revenue is recognised.
C) There can never be several critical events in a firm's operating cycle.
D) Revenue can be recognised even though no action relating to the contract has been completed.