The term realization,†in reveenue recognition refers to which of the following?
Calculate the change that occurred in cash during the month
August 15, 2017You are a Branch Manager and your office saw 2,500 patients in January 2012. From historical data
August 15, 2017The term realization,†in reveenue recognition refers to which of the following?
a) the entity has completed, or substantially completed, the activities it must perform to be entitled to the revenue benefits
b) The product or service has been exchanged for cash, claims to cash, or an asset that is readily convertible to a known amount of cash or claims to cash
c) The entity has received an irrevocable order for goods or services
d) cash has been received with an irrevocable order for goods or services
e) none of the above
