Which of the following is not true concerning requirements of when a company sho

Question

Which of the following is not true concerning requirements of when a company should recognize revenue? Answer When delivery has occurred or services have been provided (rendered). When the price is fixed or determinable. When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured. When cash has been received for services rendered. Which of the following is not true concerning requirements of when a company should recognize revenue? Which of the following is not true concerning requirements of when a company should recognize revenue? When delivery has occurred or services have been provided (rendered). When the price is fixed or determinable. When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured. When cash has been received for services rendered. When delivery has occurred or services have been provided (rendered). When the price is fixed or determinable. When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured. When cash has been received for services rendered.

Explanation / Answer

When there is persuasive evidence of an arrangement for customer payment and collection is reasonably assured.

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