The most common critical event in the revenue generation sequence is:
A) manufacture of the goods
B) delivery to customer
C) collection of cash
D) completion of the warranty period.

Question

Quizplus · Accepted Answer

Delivery to the customer is often considered the critical event in the revenue generation sequence because it is the point at which the earnings process is typically considered complete, and revenue can be recognized according to accounting principles.

The Most Common Critical Event in the Revenue Generation Sequence