Question
Realization of revenue occurs when a. the item is formally recorded and reported in the financial statements b. a company sells goods or provides a
Realization of revenue occurs when
a. the item is formally recorded and reported in the financial statements
b. a company sells goods or provides a service.
c. the actual exchange of noncash resources into cash
d. when a transaction is both realized and realizable.
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Accounting Principles Volume 2 Chapters 13 To 26
Authors: Jerry J. Weygandt
11th Edition
1118342070, 978-1118342077
