Which of the Following Was Not a Criterion for Revenue

question 149

Multiple Choice

Which of the following was not a criterion for revenue recognition in SAB 101?

• A)Cash has been collected.
• B)Collection is reasonably assured.
• C)Persuasive evidence of an arrangement exists.
• D)The seller's price to the buyer is fixed or determinable.

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Definitions:

Straight-Line Method

A depreciation technique where an equal amount of depreciation expense is allocated for each year of the asset's useful life.