单选题 Lobel Manufacturing is currently running at capacity. Although Lobel cannot immediately fill orders for its product, it is taking orders for future delivery, and has just accepted a $100000 deposit (30 percent of the total) for an order that will be shipped in four months. According to the revenue recognition principle: A. Lobel should recognize the revenue for the entire order when it is shipped to the customer. B. Lobel should recognize the $100000 during the current accounting period because that is when the amount was actually paid. C. The entire (total) amount of the sale price should be recognized during the current accounting period because that is when the sale has been made.
【正确答案】 A
【答案解析】According to the revenue recognition principle, only revenue that has actually been earned is recognized on the income statement. Lobel received an order that it cannot currently fill because they are taking back orders, so the revenue will not be earned until the goods are manufactured and shipped.