Which of the Following Is a Component of the Revenue

question 7

Multiple Choice

Which of the following is a component of the revenue recognition principle?

• A) Cash is received and the amount is material.
• B) Recognition occurs when the performance obligation is satisfied.
• C) Production is complete and there is an active market for the product.
• D) Cash is realized or realizable and production is complete.

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Definitions:

Sexual Orientation

An enduring pattern of emotional, romantic, and/or sexual attractions to men, women, or both sexes.

Genetic

Relates to genes and heredity, influencing the development and characteristics of organisms.

Physiological

Relating to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Romantic Love

Romantic love is a deep emotional, sexual, and affectional attraction toward a person with whom one wishes to share a relationship that goes beyond friendship.