kylie6674 kylie6674

18-09-2019
Business

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Based on the recognition principle, revenue is recorded on the financial statements when the: I. payment is collected for the sale of a good or service. II. earnings process is virtually complete. III. value of a sale can be reliably determined. IV. product is physically delivered to the buyer.

Respuesta :

federico1636 federico1636

20-09-2019

Answer:

IV. product is physically delivered to the buyer.

Explanation:

Actually the recognition occurs when goods are transferred or services rendered. In this case since we talk about a physical good, the recognition of the revenue occurs when the good is in the possession of the buyer.

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