Normally, the SEC would not expect delivery of goods and services to have occurred by the time revenue is recognized.

Name: Normally, the SEC would not expect delivery of goods and services to have occurred by the time revenue is recognized.
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Question

Quizplus · Accepted Answer

The SEC generally expects that delivery of goods or services to the customer has occurred or services have been rendered before revenue is recognized, ensuring that the earnings process is complete.

Normally, the SEC Would Not Expect Delivery of Goods and Services