When Does the All-Events Test Under the Accrual Method Require

question 2

Multiple Choice

When does the all-events test under the accrual method require the recognition of income from the sale of goods?

• A) when the title of the goods passes to the buyer.
• B) when the business receives payment.
• C) when payment is due from the buyer.
• D) the earliest of the above three dates.
• E) None of the choices are correct.

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