Question 8 According to GAAP revenue recognition criteria, revenue is recognized when the good or service is provided to the customer. True. False. Question 9 The gain or loss on the sale of the asset is computed by: Gain/(Loss) on sale Market value of asset - Net book value of asset True. False = Question 10 When considering the results of an Altman Z-Score analysis a score of 3.58 would suggest? The company is in financial distress and there is a high probability of bankruptcy in the short term future. The company is exposed to some risk of bankruptcy. The company is healthy and there is a low bankruptcy potential in the short-term. None of the above.