One of the criteria under GAAP for recognizing revenue is that an earnings process must be substantially complete.

Name: One of the criteria under GAAP for recognizing revenue is that an earnings process must be substantially complete.
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Under GAAP, revenue should only be recognized when the earnings process is substantially complete. This means that the seller has fulfilled its obligations to the buyer, the amount of revenue can be reliably measured, and collection of payment is reasonably assured.

One of the Criteria Under GAAP for Recognizing Revenue Is