The Principle That States Revenue Should Be Recognized at the Time

question 75

Multiple Choice

The principle that states revenue should be recognized at the time goods are sold or services rendered is called:

• A)Adequate disclosure.
• B)Conservatism.
• C)Matching.
• D)Revenue realization.

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Definitions:

Consumer Needs

The requirements or desires of potential customers that drive their purchasing decisions.

Global Trends

Predominant patterns, changes, or developments that affect the world as a whole, including economic, environmental, and social shifts.

Niche Markets

Segmented parts of a broader market defined by unique preferences, characteristics, or needs of a specific group of customers.

Sustainable Competitive Advantages

Long-term attributes or capabilities that allow a company to outperform its competitors.