Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 18 - Revenue Recognition - Review and Practice - Questions - Page 1031: 6

Answer

(a) When the products are delivered to the customer. (b) When the customer has received the agreed service. (c) When the asset has been used by the permitted party. (d) At the date of disposal by sale.

Work Step by Step

The important element is identifying the performance obligation and determining execution.
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