Which of the Following Statements About the Critical Event in the Revenue-Generation

question 33

Multiple Choice

Which of the following statements about the critical event in the revenue-generation sequence is true?

• A) The most common critical event used is the receipt of cash from the customer.
• B) The critical event is the point that can be readily documented and at which all revenue is recognised.
• C) There can never be several critical events in a firm's operating cycle.
• D) Revenue can be recognised even though no action relating to the contract has been completed.

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