"VSOE" stands for:
A) "Vendor-specific objective evidence."
B) "Vendor substantiation of earnings."
C) "Value-specified operating earnings."
D) "Variable set overhead earned."

Question

Quizplus · Accepted Answer

VSOE stands for "Vendor-specific objective evidence." This refers to the fair value of a company's products or services that is determined by specific evidence, such as previous sales to customers. It is important in accounting for revenue recognition as it helps to ensure that revenue is recognized accurately and fairly. The other options (B, C, and D) are not commonly used or recognized accounting terms.

"VSOE" Stands For