Multiple Choice
Consider a firm that provides services to customers.To record revenue,which of the following conditions must be met?
A) the firm must render the services only
B) the firm must render the services and receive cash or a promise of payment in the future
C) the firm must render the services and receive cash
D) the firm must promise to render the services in the future and receive cash
Correct Answer:
Verified
Correct Answer:
Verified
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