Question
Take Test: Unit 2 CA: Financial Statements, Tax, and Value &... According to the realization principle, revenue from a sale of a firm's products are
According to the realization principle, revenue from a sale of a firm's products are recognized _____. (CSLO 2)
| when the products are shipped to the buyer. | |
| when the buyer orders the goods. | |
| when cash is realized from the sale of the products. | |
| at the time of the sale whether or not cash is actually received. |
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
