Recognition of Revenue in Accrual Accounting Requires

question 28

Multiple Choice

Recognition of revenue in accrual accounting requires:

• A)that cash be received.
• B)only that the amount of cash to be received from the sale of a product or service be known.
• C)only that a product be delivered or a service be performed.
• D)that the revenue be realized or realizable, and earned.

---

Definitions:

CT

Computerized Tomography, a medical imaging technique that combines multiple X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

Stent-graft

A tube composed of fabric supported by a metal mesh, used to repair damaged or diseased blood vessels.

Balloon Angioplasty

A medical procedure to open narrowed or blocked blood vessels of the heart using a balloon catheter.

Thrombolysis

The breakdown of blood clots by pharmacological means, often used in treating certain types of strokes and heart attacks.