Revenue Is Recognized When

question 54

Multiple Choice

Revenue is recognized when:

• A) it has been earned and is realized or realizable
• B) a company has satisfied its performance obligation to the customer
• C) a seller collects cash from a customer
• D) a company bills the customer for the goods that have been delivered or the services performed.

---

Definitions:

Expensive Pair

Products or items that are costly and often bought together, typically offering complementary benefits or satisfying related needs.

Evoked Set

Comprises the alternative brands or stores that the consumer states he or she would consider when making a purchase decision.

Adidas Shoes

A brand of athletic and casual footwear produced by the German multinational corporation Adidas, known for its sports and lifestyle products.

Consumer Decision Process

A series of steps a buyer goes through before making a purchase decision.