Which of the following is not an accurate representation concerning revenue recognition?
A) Companies recognize revenue from selling products at the date of sale, usually interpreted to mean the date of delivery to customers.
B) Companies recognize revenue from services rendered when cash is received or when services have been performed.
C) Companies recognize revenue from permitting others to use enterprise assets as time passes or as the assets are used.
D) Companies recognize revenue from disposing of assets other than products at the date of sale.
Correct Answer:
Verified
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