As a General Rule,revenue Is Recognized at the Point of Sale.Which

Multiple Choice

As a general rule,revenue is recognized at the point of sale.Which one of the following situations illustrates this rule?

A) Products are sold to customers on credit with payment due in 30 days.
B) Employees are paid wages the week after the wages are earned.
C) Products are purchased for resale purposes.
D) Interest is collected from amounts loaned to employees.