Question

Which of the following describes the timing of when revenue is recognized?


Which of the following describes the timing of when revenue is recognized? 

In the period in which the related expenses are paid 

In the period in which the performance obligation is satisfied 

In the period in which payment is received for goods sold or work performed 

In the period in which the costs associated with earning the revenue are incurred and payment is received for goods sold or work performed

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #2

(b)  in the period in which the performance obligation is satisfied. I know this because I just took this quiz. 

source: NWP Assessment Builder UI Application Quiz 4
answered by: Vanessacollins
Add a comment
Answer #1

Answer (3)

(d) In the peried in which the cost associated with earning the revanue are incurred

and payment is received for good soled or work performed

Add a comment
Know the answer?
Add Answer to:
Which of the following describes the timing of when revenue is recognized?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT