Which of the Following Is Not an Accurate Representation Concerning

question 128

Multiple Choice

Which of the following is not an accurate representation concerning revenue recognition?

• A) Revenue from selling products is recognized at the date of sale, usually interpreted to mean the date of delivery to customers.
• B) Revenue from services rendered is recognized when cash is received or when services have been performed.
• C) Revenue from permitting others to use enterprise assets is recognized as time passes or as the assets are used.
• D) Revenue from disposing of assets other than products is recognized at the date of sale.

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Definitions:

Observed Score

The actual score or measurement recorded during data collection.

Critical Score

The value that a test statistic must exceed in order for a hypothesis to be rejected at a specified significance level.

Reliability Coefficient

A measure indicating the consistency of a set of scores obtained from repeated measurements of the same phenomenon.

Parallel Forms Reliability

A measure of reliability obtained by administering different versions of an assessment tool to the same group of individuals and correlating the results.