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Which of the following is a condition that must be met for revenue to be recognized on the income statement? a. Cash must be collected
Which of the following is a condition that must be met for revenue to be recognized on the income statement?
a. | Cash must be collected | |
b. | Delivery of goods or services has occurred | |
c. | A promise to deliver goods or services has been made | |
d. | All of the above |
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