When Following ASPE,all of the Following Criteria Must Be Satisfied

question 38

Multiple Choice

When following ASPE,all of the following criteria must be satisfied in order to recognize revenue for the provision of services,under the earnings based approach,except

• A)the service has been performed.
• B)the amount of consideration to be received can be measured with reasonably assurance.
• C)the seller has no continuing involvement.
• D)collection is reasonably assured.

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Definitions:

Market Needs

The specific desires or requirements of consumers that businesses aim to fulfill with their products or services.

Environmental Forces

The uncontrollable forces that affect a marketing decision and consist of social, economic, technological, competitive, and regulatory forces.

Geographic Segmentation

Dividing a market into different geographical units like regions, states, cities, or neighborhoods to tailor marketing strategies accordingly.

City Size

The specific dimension or scale of an urban area, usually measured by its population or geographical area.