A company may recognize revenue in full at the time of a sale if
A)the probability of collection is not reasonably assured
B)there is a very high degree of uncertainty about the collectibility of the sales price
C)the collection of the sales price is improbable
D)the collectibility of the sales price is not an issue

Question

Quizplus · Accepted Answer

If the collectibility of the sales price is not an issue, then the company can recognize revenue in full at the time of sale. This means that the company is reasonably assured that they will be able to collect the full amount of the sales price. If there is any uncertainty about collectibility, then revenue recognition may be deferred until collection is more assured.

A Company May Recognize Revenue in Full at the Time