Which of the following is not an indicator that revenue for a service can be...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is not an indicator that revenue for a service can be recognized over time?
Multiple Choice
The seller has significant experience with the customer and anticipates fulfillment of the contract.
The customer owns the asset as the seller is constructing it
The asset being constructed has no alternative use to the seller, and the seller has the right to payment for progress to date even if the customer cancels the contract.
The customer consumes the benefit of the seller's work as it performed.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!