What Assumption Does a Company Make When It Recognizes Sales

question 55

Multiple Choice

What assumption does a company make when it recognizes sales revenue?

• A)all accounts receivable will be collected
• B)a service has been rendered
• C)goods have been delivered
• D)all customers will be billed

---

Definitions:

Formal Ethics

The explicitly stated moral rules and principles that govern behaviors within an organization or society.

Ethical Misconduct

Behaviors or actions that go against moral principles and professional standards.

Personal Preference

An individual's inclination or liking for specific choices or options over others.

Social Consensus

The degree of agreement among members of a society or group on beliefs, behaviors, or values.