TIMER SOURCES Question 1 Under the earnings approach, revenue from selling products is generally recognized at the point of delivery. at the completion of production after costs are recovered. as cash is collected en Assignment TIMER DURCES Question 2 A "critical event" as part of the earnings process for the sale of goods generally O signals the start of the earnings process. O signals substantial completion of the earnings process. signals the mid-point of the earnings process. O signals a situation that requires management intervention. Assignment TIMER JRCES Question 3 The new IFRS 15 standard that has been discussed in the textbook is known as the O completed-contract approach. O asset-liability approach. cost-recovery approach. O earnings approach