Question
Under the accrual basis of accounting, which of the following is not a condition that must be met for an item to be recorded as
Under the accrual basis of accounting, which of the following is not a condition that must be met for an item to be recorded as revenue?
A - Revenues must be earned.
B -The amount of the revenue must be measurable.
C - The revenue must be received in cash.
D - Collectibility is reasonably assured.
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EPA Should Improve Timeliness For Resolving Audits Under Appeal
Authors: U.S. Environmental Protection Agency
1st Edition
1500105783, 978-1500105785
