Under which of the following circumstances does management have some discretion in timing the recognition of revenue?
Question:
Under which of the following circumstances does management have some discretion in timing the recognition of revenue?
a. The timing of revenue is not reasonably determinable and the earnings process is not complete.
b. The amount and timing of revenue is reasonably determinable.
c. The earnings process is complete or reasonably complete.
d. The transaction is at arm's length.
Chooses the correct answer.
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The correct answer is a The timing of revenue is not reasonably d...View the full answer
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