Which of the Following Is Not Normally a Condition That

question 54

Multiple Choice

Which of the following is not normally a condition that must be met for revenue to be recognized (recorded) under the revenue principle?

• A) The earnings process is complete or nearly complete.
• B) The promise to perform an exchange in the future has been made.
• C) Collection of receivables from credit sales is reasonably assured.
• D) The amount of revenue can be measured reliably.

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Definitions:

Chain Of Survival

A series of actions that, when performed in sequence, significantly increase the likelihood of survival following a cardiac arrest or other emergency.

Defibrillation

A medical treatment involving the delivery of an electrical shock to the heart, used to restore a normal heartbeat by stopping an arrhythmia.

Cardiac Pain

Pain or discomfort that originates from the heart due to inadequate blood supply, often experienced as chest pain or tightness.

Chest Pain

A symptom with various causes ranging from non-serious muscular or digestive issues to serious conditions like heart attack or pulmonary embolism, characterized by discomfort or pain in the chest area.