Which of the Following Transactions Should Not Result in Revenue

question 48

Multiple Choice

Which of the following transactions should not result in revenue recognition in March?

• A) Services for a customer were carried out on credit in March,to be collected in April.
• B) Services were carried out for a customer for cash in March.
• C) Payment was received from a customer in March,for services provided in February.
• D) Goods were sold to a customer on credit in March,with cash to be collected in April.

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Definitions:

Foreign Market

A market outside of a company's home country where it engages in selling its products or services.

Direct Ownership

A form of business ownership where individuals or entities have complete control over their investments or assets without intermediaries.

Foreign Market

Refers to markets outside the company's home country where it can sell or market its products or services.

Exporting

The process of exporting products or services to a foreign country for the purpose of selling them.