Which of the Following Is not One of the Criteria

question 57

Multiple Choice

Which of the following is not one of the criteria for revenue recognition?

• A)Collectibility is certain.
• B)Delivery has occurred or services have been rendered.
• C)Evidence of an arrangement exists and is persuasive.
• D)A fixed or determinable price to buyer exists.

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Definitions:

Inexpensive Mode

A cost-effective way or method of completing a task or process, often referring to transportation or production methods.

High Value

Items or services that are considered to be of great importance or worth, often commanding a high price in the market.

Disaggregate

To break down a large, complex data set or structure into smaller, more detailed parts.

Inventories

Quantities of goods or materials a company holds for the purpose of future sale or production.