Revenues for certain commodities with a readily available market may be recognized at production since uncertainties with respect to the sale are likely to be minimal. Select one: True False When goods are sold, revenue may still be recognized if there is an insignificant degree of continuing managerial involvement in some instances. Select one: O True False The earliest point at which all criteria for revenue recognition are met is known as a critical event. Select one: True False Using actual and estimated cost figures to estimate the degree of completion of a long-term construction project is an example of an input- based approach to estimation. Select one: True False Revenues for certain commodities with a readily available market may be recognized at production since uncertainties with respect to the sale are likely to be minimal. Select one: True False When goods are sold, revenue may still be recognized if there is an insignificant degree of continuing managerial involvement in some instances. Select one: O True False The earliest point at which all criteria for revenue recognition are met is known as a critical event. Select one: True False Using actual and estimated cost figures to estimate the degree of completion of a long-term construction project is an example of an input- based approach to estimation. Select one: True False