The Rule That (1)requires Revenue to Be Recognized When Goods

question 254

Multiple Choice

The rule that (1) requires revenue to be recognized when goods or services are provided to customers and (2) at the amount expected to be received from the customer is called the:

• A)Going-concern assumption.
• B)Measurement (Cost)principle.
• C)Revenue recognition principle.
• D)Objectivity principle.
• E)Business entity assumption.

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