Tuesday 20 November 2012

Which of the following criteria must be met in order to recognize revenue in the current accounting period? Delivery has occurred or the services have been rendered. Price is fixed or determinable. Collectability is reasonable assured. All of the above

Which of the following criteria must be met in order to recognize revenue in the current accounting period?

Delivery has occurred or the services have been rendered.

Price is fixed or determinable.

Collectability is reasonable assured.

All of the above

 



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