Which of the following is not an accurate representation concerning revenue recognition?;a. Revenue from selling products is recognized at the date of sale, usually interpreted to mean the date of delivery to customers.;b. Revenue from services rendered is recognized when cash is received or when services have been performed.;c. Revenue from permitting others to use enterprise assets is recognized as time passes or as the assets are used.;d. Revenue from disposing of assets other than products is recognized at the date of sale.
Paper#25418 | Written in 18-Jul-2015Price : $22