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Generally, revenue from sales should be recognized at a point when

A. management decides it is appropriate to do so.
B. the product is available for sale to the ultimate consumer.
C. the entire amount receivable has been collected from the customer and there remains no further warranty liability.
D. none of these answer choices are correct.

Respuesta :

Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.  

Hence, the option D is correct

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