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-   -   Which of the following statements if false? (https://www.askmehelpdesk.com/showthread.php?t=646027)

  • Mar 25, 2012, 02:49 PM
    enavdragon
    Which of the following statements if false?
    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

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