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Which of the following is not required for the recognition of revenue?

A) Receipt of cash by the seller at the time of sale
B) Seller must receive an item ultimately realizable in cash, non-cash resources, or claims to cash
C) The earnings process must be essentially complete
D) The transaction must create a measurable financial statement element which fulfills the definition of a revenue

 

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  • Category:- Basic Finance
  • Reference No.:- M9883428

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