Answer
The sale proceeds are readily realizable and earned, so income acknowledgment should occur.
Work Step by Step
The opposite is valid on account of some agricultural products. Since there is already a purchaser and a cited price, a deal isn't particularly to build up the measure of income to be received. Indeed, the sale is an immaterial piece of the entire transaction. As soon as the crop is harvested, it can be valued at its selling price less the expense of transportation to the market, and this valuation gives an incredibly exact measure of the amount of income for the period without the need of holding up until the point that the sale has been made to gauge it. As such, the sale proceeds are readily realizable and earned, so income acknowledgment should occur.
