When Deliteful Bites sells the gourmet food that it makes, the company should record a(an)
A) accounts payable if cash was not collected at the point of sale.
B) unearned revenue if cash was not collected at the point of sale.
C) operating revenue regardless of whether cash was collected at the point of sale.
D) non-operating revenue if cash was not collected at the point of sale.
E) operating revenue only if cash was collected at the point of sale.

Question

Quizplus · Accepted Answer

Operating revenue is recorded when a sale is made, regardless of the payment method or timing.

When Deliteful Bites Sells the Gourmet Food That It Makes