Revenue may be recognized during production in which of the following types of business?
A)Retail sales
B)Manufacturing for mass-production
C)Construction
D)Franchise operations

Question

Quizplus · Accepted Answer

Revenue recognition during production is common in the construction industry, where long-term contracts often allow for revenue to be recognized based on the percentage of completion. This method reflects the ongoing earnings and costs related to the project before its completion.

Revenue May Be Recognized During Production in Which of the Following