Question: The milestone method of revenue recognition provides that if a substantive milestone is achieved, what amount of revenue is recognized? a. Revenue is recognized up

The milestone method of revenue recognition provides that if a substantive milestone is achieved, what amount of revenue is recognized?

a. Revenue is recognized up to the amount of cash collected.

b. A provisions rata share of revenue based upon the percentage delivered to date.

c. Contingent revenue is recognized in its entirety.

d. A percentage of total revenue based on the separate units delivered.

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