Revenues are normally considered to have been earned when a. All possibility of return has expired. b. The company has substantially accomplished what it must to be entitled to the benefits. c. The cash is collected. d. Goods have been shipped.

Question

Azul Abbott

Business

19 October, 19:09

Revenues are normally considered to have been earned when a. All possibility of return has expired. b. The company has substantially accomplished what it must to be entitled to the benefits. c. The cash is collected. d. Goods have been shipped.

+3

Answers (1)

Know the Answer?

Elian Brennan · Answer 1

The correct answer is B

Explanation:

Revenue is the term which is defined as the income generated from operations of the normal business activities and also involve the deductions and discounts for the returned merchandise.

It is the figure of gross income from which the expense are deducted in order to determine the net income.

The revenue is considered to be earned when the company has substantially achieve what it need to entitle the benefits or advantage.