When Is Income Considered to Have Been Earned

question 20

Multiple Choice

When is income considered to have been earned?

• A)It is probable that any income owing will be received and any outstanding expenses, such as warranty claims, can be identified.
• B)The activities necessary to generate the income are substantially complete.
• C)The amount of income generated can be reliably measured.
• D)All of the above

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Definitions:

Sacred

Things or activities that are set apart, ritualized, and at times inspire emotional reactions.

Feminist Approach

A perspective or methodology that seeks to explore, understand, and address inequalities or biases against women and promote gender equality.

Religion

A set of organized beliefs about the supernatural or spiritual worlds that guides behaviour and joins people into communities of believers.

Ascertain

To find out or learn with certainty, often through investigation or experimentation.