Which of the Following Is Not a Criterion for Revenue

question 64

Multiple Choice

Which of the following is not a criterion for revenue recognition?

• A)Significant risks and rewards of ownership have been transferred
• B)The amount of revenue can be reasonably measured.
• C)The costs required to earn the revenue can be reasonably measured.
• D)Collection of payment has occurred.

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Definitions:

Preventive Care

Medical services and practices that aim to prevent diseases or conditions before they occur, including screenings and lifestyle advice.

Quaternary Care

The most complex level of healthcare, typically involving specialized and advanced medical services and procedures for very rare or complex conditions.

Occupational Therapist

A health care professional who assists clients with impaired function to gain the skills required to perform activities of daily living.

Paramedical Technologist

Workers who assist or complete diagnostic tests, such as in radiology, laboratory, or nuclear medicine.