[Solved] Under the Realization Principle,revenue Should Not Be Recognized Until the Earnings

Question 202
Multiple Choice

Under the realization principle,revenue should not be recognized until the earnings process is deemed virtually complete and:

A)Revenue is realized.
B)Any receivable is collected.
C)Collection is reasonably certain.
D)Collection is absolutely assured.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Accounting Homework Help with various study sets and a huge amount of quizzes and questions


Study sets





Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans