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In determining when revenue is recognized, what two conditions must be satisfied according to the realization concept? Revenue must be collected and credited. Revenue must
In determining when revenue is recognized, what two conditions must be satisfied according to the realization concept?
Revenue must be collected and credited.
Revenue must be earned and realized.
Revenue must be credited and paid for.
Revenue must be earned and collected.
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Survey Of Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
3rd Edition
1119895685, 9781119895688
