Respond to the following:
a.When is revenue generally recognized, and what are three other alternative points in time for recognizing revenue?
b.When is each alternative revenue recognition method appropriate and why have these methods evolved?
c.What is the primary criterion for revenue recognition applied in practice, and what attributes must be measurable before revenue is recognized.

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The Answer of Respond to the following:
a.When is revenue generally recognized, and what are three other alternative points in time for recognizing revenue?
b.When is each alternative revenue recognition method appropriate and why have these methods evolved?
c.What is the primary criterion for revenue recognition applied in practice, and what attributes must be measurable before revenue is recognized.

Respond to the Following