When does the all-events test under the accrual method require the recognition of income from the sale of goods?A. when the title of the goods passes to the buyer.B. when the business receives payment.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Dec 25, 2020 27.7k views

5 votes

When does the all-events test under the accrual method require the recognition of income from the sale of goods?A. when the title of the goods passes to the buyer.B. when the business receives payment.C. when payment is due from the buyer.D. the earliest of the above three dates.E. None of these.