Posted by: Pdfprep
Post Date: January 20, 2021
What is the timing of revenue recognition?
A . When it is probable that future economic benefits will flow to the company and reliable measurement of the amount of revenue is possible
B . When the company reports current and non-current classifications in its statement of financial position
C . When economic benefits are received by the company and reliable measurement of the amount of revenue is possible
D . When users have sufficient reasonable knowledge of business and financial accounting matters to understand the information
Answer: A
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