At the time of sale,the selling price does not have to be determined in order for the selling company to quantify the economic benefits of the transactions.

Question

Quizplus · Accepted Answer

The selling price needs to be determined at the time of sale in order for the selling company to quantify the economic benefits of the transaction, as it directly impacts revenue recognition and the measurement of profitability.

At the Time of Sale,the Selling Price Does not Have