Which of the Following Best Describes the Condition(s)that Must Be

question 22

Multiple Choice

Which of the following best describes the condition(s) that must be present for the recognition of revenue?

• A) The revenue must be earned,measurable,and collected.
• B) The revenue must be earned and collectible.
• C) The revenue must be earned,measurable,and collectible.
• D) The revenue must be measurable and collectible.

---

Definitions:

Anticipatory Change

A proactive approach organizations take to predict and respond to expected changes before they happen.

New Trend

An emerging pattern or style in fields such as fashion, technology, or business, indicating a shift in preferences or practices among a significant portion of the population.

Major Adjustments

Significant changes or modifications to strategies, operations, or policies within an organization to address challenges or seize new opportunities.

Radical Change

Fundamental and comprehensive alteration in strategies, structures, or processes within an organization or society.