The core revenue recognition principle has two requirements for recognizing revenue.Which of the following is one of these requirements?
A)The customer has paid for the goods or services.
B)Delivery of goods or performance of service has been scheduled.
C)The amount the company expects to receive is determinable.
D)The customer has signed a contract.

Question

Quizplus · Accepted Answer

The core revenue recognition principle requires that revenue is recognized when it is earned and measurable. The amount the company expects to receive being determinable (C) aligns with the requirement that revenue can be reliably measured.

The Core Revenue Recognition Principle Has Two Requirements for Recognizing