A company signs a contract to produce four machines according to the customer 's specifications On the date of the contract, the customer pays one half of the total contract price The machines will be manufactured and delivered during the next fiscal year what assumption or principle was violated A...

A revenue recognition Explanation One must first make the assumption i ...

A company signs a contract to produce four machines according to the customer's specifications. On the date

Fantastic news! We've Found the answer you've been seeking!

A company signs a contract to produce four machines according to the customer's specifications. On the date of the contract, the customer pays one half of the total contract price. The machines will be manufactured and delivered during the next fiscal year. what assumption or principle was violated?

A. revenue recognition

B. historical cost

C. expense recognition

D. Conservatism