Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is a condition that must be

Which of the following is a condition that must be met for revenue to be...

80.2K

Verified Solution

Question

Accounting

Which of the following is a condition that must be met for revenue to be recognized on the income statement?

a.

Cash must be collected
b.

Delivery of goods or services has occurred
c.

A promise to deliver goods or services has been made
d.

All of the above

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

Biology
1.2K views

You do some research and find that a census of Ireland in the 1910s found 65...

Physics
1.2K views

A small block with mass 0.0400 kg slides in a vertical circle of radius 0.500 m...

Accounting
1.2K views

Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity...

Physics
1.2K views

73 When the u tube shown below is in rest th liquid stands at the...

Geometry
1.2K views

28 Study the graph 120 90 10 Go 90 2

Basic Math
1.2K views

Assume that Jim, Bruce, Valerie, and Simon are four of the 15 members of the...

Calculus
1.2K views

3 Jamie s parents gave him some money at the start of the school the...

Calculus
1.2K views

tan u 5 12 3 2 c 2 a Determine the quadrant in which u...

Accounting
1.2K views

Kayak Company uses a job order costing system and allocates its overhead on the basis...

Accounting
1.2K views

Financial data for Joel de Paris, Incorporated, for last year follow: ...

Accounting
1.2K views

QUESTION 14 You plan on starting a lawn mowing business by investing $700 of your...

Accounting
1.2K views

when a bond is issued at a price higher than the face value ...