Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following indicates when revenues are

Which of the following indicates when revenues are usually recognized under GAAP? When the earnings...

80.2K

Verified Solution

Question

Accounting

Which of the following indicates when revenues are usually recognized under GAAP?

When the earnings process is complete or virtually complete.

When an exchange has taken place.

When cash has been collected.

When BOTH the earnings process is complete or virtually complete AND when an exchange has taken place.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

How Can a teacher give student extra time to process their learning and engage the student...

Biology
1.2K views

The plasma membrane of muscle cells help maintain a concentration gradient of calcium ions Ca2...

Basic Math
1.2K views

Air Transportation: A standard M-6 air cargo container is 19.8 feet long, 7 feet wide...

Calculus
1.2K views

3 d 1 Use x e to explain why In x for x 0 dx...

Accounting
1.2K views

taking a Physical inventory involves actually counting, weighing, or measuring each kind of inventory on...

Accounting
1.2K views

a corporation has the following account balances: common stock, $1 par value, $30,000; paid-in capital...

Accounting
1.2K views

Answer the following questions. a. You believe that a corporation's dividend next year is $5....

Accounting
1.2K views

Who are stakeholders? Define who they are and then please share what particular interest each...

Accounting
1.2K views

Part 1: Gain an Understanding of the Client W&S Partners began the planning phase of...

Accounting
1.2K views

Finance
1.2K views

Gaps that occur along a trend are known as 1. Breakaway Gaps 1. Exhaustion Gaps...

Finance
1.2K views

The current price of a bond is $800; next year, the price will be $880....