Accountants Face a Problem of When to Recognize Revenue

question 46

Multiple Choice

Accountants face a problem of when to recognize revenue.Which of the following methods of recognizing revenue is not used in practice?

• A) point of sale
• B) point of order acceptance
• C) end of production
• D) receipt of cash
• E) revenue recognized during production

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Definitions:

Diagnostic Tests

Procedures used to identify the presence of a disease or condition from other conditions, utilizing a variety of physical examinations, lab tests, and imaging studies.

Therapeutic Reply

A response or statement made by a therapist during a session that is designed to facilitate healing, insight, or progress in treatment.

Heart Failure

A condition in which the heart is unable to pump sufficiently to maintain blood flow to meet the body's needs.

Undivided Attention

Giving complete and exclusive focus to someone or something, without any distractions.