The revenue recognition principle dictates that revenue be recognized in the accounting period Select one: a. after it is earned. b. before it is earned. C. in which the performance obligation is satisfied. d. in which it is collected

The revenue recognition principle dictates that revenue be recognized in the accounting period Select one: a. after it is earned. b. before it is earned. C. in which the performance obligation is satisfied. d. in which it is collected

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12MC: Which of the following principles matches expenses with associated revenues in the period in which...

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Question

The revenue recognition principle dictates that revenue be recognized in the accounting period
Select one:
a. after it is earned.
b. before it is earned.
wh
the performance obligation is satisfied.
C.
d. in which it is collected
Previous page
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hp

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