The Principle That (1)requires Revenue to Be Recognized at the Time

Multiple Choice

The principle that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash and (3) measures the amount of revenue as the cash plus the cash equivalent value of any non-cash assets received from customers in exchange for goods or services is called the:

A) Going-concern principle
B) Cost principle
C) Revenue recognition principle
D) Objectivity principle
E) Business entity principle