Which of the Following Is Generally Not a Guideline for Recognizing

question 123

Multiple Choice

Which of the following is generally not a guideline for recognizing revenue?

• A)When the sale or performance effort is substantially complete.
• B)When collection is reasonably assured.
• C)When management declares that revenue should be recognized.
• D)When the amount is determinable.

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Definitions:

Discharge

In hydrology, discharge refers to the volume of water moving through a given point or passage in a specified period of time, often measured in cubic feet per second or cubic meters per second.

Urbanization

The process by which cities grow or expand, resulting in the conversion of rural areas into urban ones, often associated with a variety of economic, social, and environmental changes.

Peak Flow

The maximum instantaneous discharge of a stream or river at a specific location and time.

Runoff

The flow of water that occurs when excess stormwater, meltwater, or other sources flows over the Earth's surface, often leading to erosion and transporting sediments.