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NEW QUESTION: 1
When you move revenue on an invoice line from an unearned to an earned revenue account, Receivables
_____________.
A. removes the pending sales credits
B. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
C. removes the invoice line revenue contingencies
D. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
Answer: C
Explanation:
Explanation/Reference:
When you move revenue on an invoice line from an unearned to an earned revenue account, or vice versa, Oracle Fusion Receivables removes the invoice line revenue contingencies. The invoice is no longer subject to automatic revenue recognition.
References: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113011AN1CFB0.htm
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