Merchandisers record revenue when they:
A)fulfill their performance obligations by transferring control of the goods to customers.
B)deliver the goods and collect the cash from their customers.
C)receive cash in advance from their customers.
D)receive the order to deliver goods to customers.

Question

Quizplus · Accepted Answer

As required by the revenue recognition principle,merchandisers record revenue when they fulfill their performance obligations by transferring control of the goods to customers.

Merchandisers Record Revenue When They