Under the Earnings Approach, Revenue Is Recognized by the Consignor

question 15

Multiple Choice

Under the earnings approach, revenue is recognized by the consignor when the

• A)goods are shipped to the consignee.
• B)consignee receives the goods.
• C)consignor receives an advance from the consignee.
• D)consignor receives an account sales from the consignee.

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Definitions:

Crime Control

Strategies and measures implemented to reduce crime, protect public safety, and maintain social order.

Net Benefit

The total positive impact or gain of a decision, action, or project after subtracting any associated costs.

Social Program

Government initiatives designed to provide support and improve living standards for its citizens, including welfare, healthcare, and education services.

Cost-Benefit Analysis

A systematic approach to evaluate the strengths and weaknesses of alternatives in order to determine the best option through balancing costs and benefits.