Solved

When Is Income Considered to Have Been Earned

Question 20

Multiple Choice

When is income considered to have been earned?


A) It is probable that any income owing will be received and any outstanding expenses, such as warranty claims, can be identified.
B) The activities necessary to generate the income are substantially complete.
C) The amount of income generated can be reliably measured.
D) All of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions