Revenue Generally Should Be Recognized

question 131

Multiple Choice

Revenue generally should be recognized

• A) at the end of production.
• B) at the time of cash collection.
• C) when realized.
• D) when the performance obligation is satisfied.

---

Definitions:

Minimum-Security Prisons

Correctional facilities with the least restrictive environment, designed to house inmates considered the lowest risk to public safety.

Travel Agents

Travel Agents are professionals who assist clients in planning, arranging, and booking travel and holidays, including transportation, accommodations, and itineraries, aiming to enhance the travel experience.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Telecommute

Working from a remote location, outside of the traditional office environment, typically through digital communication tools.