Under what condition is it proper to recognize revenues prior to the sale of the...
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Accounting
Under what condition is it proper to recognize revenues prior to the sale of the merchandise?
a. When the ultimate sale of the goods is at an assured sales price
b. When the revenue is to be reported as an installment sale
c. When the concept of internal consistency (of amounts of revenue) must be complied with
d. When management has a long-established policy to do so
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