The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982). Because of uncertainty and depending on which measurement model is being applied,revenue recognition will take place at a limited number of points in the earnings cycle.In traditional historical-cost accounting,in most cases,at which point in the cycle above have revenues been recognised?
A) Point 5
B) Point 8
C) Point 7
D) Point 9

Question

The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).  Because of uncertainty and depending on which measurement model is being applied,revenue recognition will take place at a limited number of points in the earnings cycle.In traditional historical-cost accounting,in most cases,at which point in the cycle above have revenues been recognised?
A) Point 5 
B) Point 8 
C) Point 7 
D) Point 9

Quizplus · Accepted Answer

The Answer of The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).  Because of uncertainty and depending on which measurement model is being applied,revenue recognition will take place at a limited number of points in the earnings cycle.In traditional historical-cost accounting,in most cases,at which point in the cycle above have revenues been recognised?
A) Point 5 
B) Point 8 
C) Point 7 
D) Point 9

The Following Is a Diagram of the Earnings Cycle as Presented