Answer
Revenues are realized when items (products or services), stock, or different resources are traded for money or cases to money. Revenue is realizable when related resources received or held are promptly convertible to known measures of money or cases to money.
Work Step by Step
Readily realizable resources have (1) interchangeable (fungible) units and (2) cited costs available in an active market that can quickly assimilate the amount held by the entity without essentially influencing the cost.
