Question
If there is measurement uncertainty in a revenue transaction, revenue cannot be recognized. revenue can only be recognized as the cash is collected. revenue is
If there is measurement uncertainty in a revenue transaction,
|
| revenue cannot be recognized. |
|
| revenue can only be recognized as the cash is collected. |
|
| revenue is recognized using the relative fair value method. |
|
| revenue is recognized, but an attempt is made to measure and accrue an amount relating to the uncertainty as a cost or reduced revenues. |
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Managerial Accounting
Authors: Ray Garrison
12th Edition
B002ODFC0E
