Income arises from the following except: A. sale of merchandise to customers B. rendering of services C. use of entity resources by others D. Disposal of assets other than inventory E. answer not given

Income arises from the following except: A. sale of merchandise to customers B. rendering of services C. use of entity resources by others D. Disposal of assets other than inventory E. answer not given

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 1MC: Which of the following is not a criterion to recognize revenue under GAAP? A. The earnings process...

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Question

Income arises from the following except:

A. sale of merchandise to customers

B. rendering of services

C. use of entity resources by others

D. Disposal of assets other than inventory

E. answer not given

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