Revenue in a business transaction is recognized <u>When </u><u>goods </u><u>or </u><u>services </u><u>are </u><u>provided </u><u>to </u><u>customers </u><u>and at the </u><u>amount expected </u><u>to be </u><u>received </u><u>from the customer. </u>
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<h3>What is revenue?</h3>
- Refers to the amount paid to a company for the provision of goods and services.
- Can only be recognized when that good or service has been provided to the customer.
Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.
In conclusion, option C is correct.
Find out more on revenue recognition at brainly.com/question/1380073.
Answer:
a. 57 percent of the U.S. M1 money supply.
Answer:
Network externality is the correct answer.
Explanation:
4320 . this prob would have been answered faster under the mathmatics topic
Answer:
The right answer is "Infant industry".
Explanation:
- An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
- This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.