ACCT 304 Week 4 DQ 1 Revenue Recognition

This file of ACCT 304 Week 4 DQ 1 Revenue Recognition comprises:

When a company sells a product for cash, it generally recognizes the revenue. However, there are situations when it is not always clear when a company should recognize the revenue. How do you handle a car dealership that sells a warranty contract to its customers for $650 that will cover the next 5 years?