Revenues are normally considered to have been earned whena. All possibility of return has expired.b. The company has substantially accomplished what it must to be entitled to the benefits.c. The cash is collected.d. Goods have been shipped.

Revenues are normally considered to have been earned whena. All possibility of return has expired.b. The company has substantially accomplished what it must to be entitled to the benefits.c. The cash is collected.d. Goods have been shipped.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter6: Professional Accounting In The Public Interest

Section: Chapter Questions

Problem 18.2EC

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Question

Revenues are normally considered to have been earned when
a. All possibility of return has expired.
b. The company has substantially accomplished what it must to be entitled to the benefits.
c. The cash is collected.
d. Goods have been shipped.

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