The revenue recognition principle dictates that revenue be recognized .a. in the accounting period after it is earned. b. in which the performance obligation is satisfied. c. in which it is collected. d. before it is earned.

The correct answer is letter D

Explanation: Revenue recognition is done before it is earned. This facilitates the general accounting of products, and this is also a way of better control of revenue. So the correct option is the "letter d".

answer; disconfirm the catharsis theory;