Which of the following is not a reason why revenue is recognized at the time of sale?
A) Realization has occurred.
B) The sale is the critical event.
C) Title legally passes from seller to buyer.
D) All of these are reasons to recognize revenue at the time of sale.

Question

Quizplus · Accepted Answer

All three reasons - realization has occurred, the sale is the critical event, and title legally passes from seller to buyer - are factors that contribute to recognizing revenue at the time of sale. Therefore, option D is not a reason why revenue is NOT recognized at the time of sale.

Which of the Following Is Not a Reason Why Revenue