Which of the following is NOT a time when revenue may be recognized?
A) At time of sale of goods.
B) At receipt of cash from sale of goods.
C) During production of goods.
D) Sale of Property of a manufacturing company.

Question

Quizplus · Accepted Answer

Revenue is typically recognized when it is earned and realizable, such as at the time of sale or during production under certain conditions. The sale of property by a manufacturing company is not part of its regular operations and is considered a non-operating activity, thus not a typical time for revenue recognition.

Which of the Following Is NOT a Time When Revenue