A Seller of Goods Can Easily Associate (Or Match) the Consumption

Multiple Choice

A seller of goods can easily associate (or match) the consumption of the benefits of the asset sold with revenues from its sale.At the time of sale and revenue recognition, the seller

A) removes the asset (inventory) from the seller's balance sheet.
B) recognizes revenue.
C) recognizes a reduction in an asset (inventory) .
D) records the cost of goods sold expense in the same amount by which inventory decreases.
E) All of the answer choices are correct.