All of the Following Statements Are True Except

question 12

Multiple Choice

All of the following statements are true except:

• A)A company that has multiple lines of business must consistently apply one revenue recognition policy for all types of revenue.
• B)A company that has multiple lines of business can use different methods of revenue recognition for different products.
• C)A company that has multiple lines of business must tell users what policies they are using so that that they can make informed decisions
• D)A company that has multiple lines of business must choose revenue recognition policies that are appropriate for their revenue streams.