Sales Revenues Are Usually Considered Recognized When

question 160

Multiple Choice

Sales revenues are usually considered recognized when

• A) cash is received from credit sales.
• B) an order is received.
• C) goods have been transferred from the seller to the buyer.
• D) adjusting entries are made.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, considering all interest payments and the principal repayment.

Semi-Annually

Occurring or done twice a year, typically every six months.

Face Value

The nominal or dollar value stated on a security or financial instrument, such as a bond or stock, representing its worth at issuance or par value.

Interest Rate Risk

The risk of investment value changes due to variations in the level of interest rates.