Most companies recognize sales revenue when

A) sales are invoiced.
B) payment is received from the customer.
C) goods are shipped.
D) the customer's order is received.

C

Business

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Which of the following is representative of how depreciation expense is handled in the face of inflation?

A) it increases annually with the rate of inflation B) it decreases annually in nominal terms C) the real value of the depreciation is fixed D) the depreciable base is not altered by inflation

Business

Which of the following best describes the interplay of promises of businesses to stakeholders and vice versa?

A. promise of quality that is greater than advertised B. only accepting cash and not credit C. supporting offshore philanthropy D. on-time delivery and responsiveness

Business