Revenues are normally considered to have been earned when a. All possibility of return has expired. b.

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Revenues are normally considered to have been earned when

a. All possibility of return has expired.

b. The company has substantially accomplished what it must to be entitled to the benefits.

c. The cash is collected.

d. Goods have been shipped.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:38 AM

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Revenues are normally considered to have been earned when a. All possibility of return has expired. b.

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a Incorrect Allowances can be made for anticipated returns if the earning process is ...View the full answer

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