The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982). For products such as precious metals or agricultural products revenue is recognised at which point in the earnings cycle shown above?
A) Point 1
B) Point 4
C) Point 6
D) Point 7

Question

The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).  For products such as precious metals or agricultural products revenue is recognised at which point in the earnings cycle shown above?
A) Point 1 
B) Point 4 
C) Point 6 
D) Point 7

Quizplus · Accepted Answer

Revenue for products such as precious metals or agricultural products is recognized at Point 6, which is the point of sale.

The Following Is a Diagram of the Earnings Cycle as Presented