The Revenue Recognition Criteria States That Revenue of a Business

question 53

Multiple Choice

The revenue recognition criteria states that revenue of a business is recognized

• A) when cash is received.
• B) when it is earned.
• C) at the end of the year.
• D) in the period that the expenses to earn that revenue are incurred.

---

Definitions:

Police Interference

Involvement or intervention by law enforcement agencies in activities or matters where their presence may not be warranted or is contested.

Philosophes

Intellectuals of the 18th-century Enlightenment who advocated for reason, democracy, and secular values, influencing revolutionary movements and modern political thought.

Political Science

The study of governance, political activities, political thoughts, and political behavior.

Montesquieu

A French political philosopher of the Enlightenment who is best known for his theory of separation of powers, which has been incorporated into the constitution of many countries, including the United States.