Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

One of the reasons for recognizing revenue at the time of sale is that the risk of loss due to price decline or destruction of the goods is passed to the buyer.A. True B. False

Sagot :

Answer: True

Explanation:

Sales refer to transactions which involves the provision of goods and services to the consumer.

Revenue is recognized at the time of sale so the risk of loss due to price decline or destruction of the goods is passed to the buyer.

Therefore, the correct option is true.

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.