Which of the Following Is Not an Indicator That Revenue

question 162

Multiple Choice

Which of the following is not an indicator that revenue can be recognized over time?

• A) The seller is enhancing an asset that the buyer controls as the service is performed.
• B) The customer consumes the benefit of the seller's work as the seller performs the service.
• C) The seller is creating an asset that has an alternative use to the seller, and the seller can receive payment for its progress even if the customer cancels the contract.
• D) None of these answer choices are correct.

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Definitions:

Techniques

Methods or procedures employed to achieve a specific task or to enhance the effectiveness of a process.

Bullet Points

A list format that uses dots or symbols to precede items, making information easier to read and understand.

Summarize

To create a brief statement or account of the main points of something, reducing larger texts to their essential elements.

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An overview or summary of the main points provided at the beginning of a document or presentation to give the audience a glimpse of what to expect.