Net Assets Increase from Cost to Selling Price When Revenue

question 58

Multiple Choice

Net assets increase from cost to selling price when revenue is recognized $\begin{array}{llll}&\text { During } & \text { At Time } & \text { At Time of } \\&\text { Production } & \text { of Sale } & \text { Cash Recein }\\ \text { I. } & \text { Yes } & \text { Yes } & \text { Yes } \\\text { II. } & \text { Yes } & \text { Yes } & \text { No } \\\text { III. } & \text { Yes } & \text { No } & \text { No } \\\text { IV. } & \text { No } & \text { No } & \text { No }\end{array}$

• A)I
• B)II
• C)III
• D)IV

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