Regarding deferred revenue liabilities, revenues can generally be recognized when a company:
A) Receives an order for a product
B) Produces a product that corresponds with a received order
C) Ships a product to a customer
D) Receives confirmation that a product has been received by a customer

Question

Quizplus · Accepted Answer

Correct; generally speaking, a company no longer has a deferred revenue liability when they ship the product.

Regarding Deferred Revenue Liabilities, Revenues Can Generally Be Recognized When