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View Full Version : Which of the following statements if false?


enavdragon
Mar 25, 2012, 02:49 PM
A- a liability is created when cash is received prior to delivery of the goods or services?
B-revenue is recognized at the time of delivery of the goods or services if cash is received.
C-revenue isn't recognized at the time of delivery of goods and services if cash is received after delivery of the goods and services.
D-collecting cash after delivery of a good service does not create revenue on the income statemet as the date of collection