Under accrual-basis accounting, revenues are always recognized when

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Under accrual-basis accounting, revenues are recognized when they are earned, meaning when goods or services are delivered to the customer, regardless of when payment is received. This is in contrast to cash-basis accounting, where revenues are only recognized when payment is received. The completion of manufacturing or establishment of selling price may impact when revenue is earned, but they are not the primary factors determining revenue recognition.

Under Accrual-Basis Accounting, Revenues Are Always Recognized When