The income statement is prepared from

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Reference no: EM131293245

1. The income statement is prepared from:

a. the income statement Columns of the worksheet

b. both the adjusted trial balance in the income statement Columns of the worksheet

c. either of the adjusted trial balance or the income statement Columns of the worksheet.

d. the adjusted trial balance

2. When is revenue recognized in the following situations?

Revenue from selling products

Revenue from services rendered

Revenue from permitting others to use enterprise assets

Revenue from disposing of assets other than products

Reference no: EM131293245

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