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Which of the following best describes the condition(s) that must be present for the recognition of revenue? Group of answer choices Revenue is recognized at

Which of the following best describes the condition(s) that must be present for the recognition of revenue?

Group of answer choices

Revenue is recognized at the end of each reporting period.

Revenue is recognized when the good or service is provided and payment is collected.

Revenue is recognized when no sales return is allowed.

Revenue is recognized when the good or service is provided regardless if payment is received.

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