question archive In general, revenue is recognized when the earnings process is virtually complete and: A)Collection of the sales price is reasonably assured

In general, revenue is recognized when the earnings process is virtually complete and: A)Collection of the sales price is reasonably assured

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In general, revenue is recognized when the earnings process is virtually complete and:

A)Collection of the sales price is reasonably assured.

B)A purchase order is received.

C)Cash is collected.

D)Production is completed.

 

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Answer:  A

Collection of the sales price is reasonably assured.