Multiple Choice
Revenue is recognized in most businesses:
A) When the customer's order is received.
B) Only if the transaction creates an account receivable.
C) Only if paid in cash.
D) Upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price.
E) When cash from a sale is received.
Correct Answer:
Verified
Correct Answer:
Verified
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