Revenue is recognized at the time of production in which of the following types of companies?
A)Long term construction
B)Real Estate
C)Franchises
D)Grocery

Question

Quizplus · Accepted Answer

Revenue recognition at the time of production is typically associated with long-term construction projects. This is because these projects often span over multiple accounting periods, and recognizing revenue as work is completed provides a more accurate representation of the company's financial performance over time.

Revenue Is Recognized at the Time of Production in Which