Which of the following is a difficult and nasty issue that can ensnarl the inexperienced entrepreneur even after they have made a sale to a customer?
A) Number of competitors
B) Bank financing
C) Revenue recognition
D) Strategic timing

Question

Quizplus · Accepted Answer

Revenue recognition can be difficult for inexperienced entrepreneurs as it involves determining when to record the sale in the company's financial statements. Improper revenue recognition can lead to legal and financial issues.

Which of the Following Is a Difficult and Nasty Issue