Question
Select from the option list provided the revenue(s), or lack of revenue, for the transactions of Corporation A described below. Each choice may be used
Select from the option list provided the revenue(s), or lack of revenue, for the transactions of Corporation A described below. Each choice may be used once, more than once, or not at all.
-Realizable
-Earned
-Realizable and earned
-Neither realizable nor earned
1. Corporation A sells inventory on account and has delivered the goods.
2. Corporation A rents extra office space with a yearly lease.
3. Corporation A sells inventory for cash but has not delivered the goods.
4. Corporation A has performed services for Corporation X but has not been paid.
5. Corporation A agrees to perform services for Corporation X at some time in the future.
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