When Does the All-Events Test Under the Accrual Method Require

question 56

Multiple Choice

When does the all-events test under the accrual method require the recognition of income from the sale of goods?

• A)when the title of the goods passes to the buyer
• B)when the business receives payment
• C)when payment is due from the buyer
• D)the earliest of the other three dates
• E)None of the choices are correct.

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