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Which of the Following Is One of the Key Criteria

Question 2

Multiple Choice

Which of the following is one of the key criteria that must normally be met in order that revenue may be recognised?


A) All costs of generating the revenue must have been paid in full.
B) The amount of revenue can be precisely measured in dollar terms.
C) Cash must have been received.
D) The economic benefit will probably flow to the seller.

Correct Answer:

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