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18 free Leases questions in the exam interface; sign in to save your report. 80 questions across two topics. One question bank, one purchase.

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One from revenue recognition, one from leases. See how the questions work before you buy.

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Revenue recognition

Question 1 of 2

Revenue recognition. Question 1 of 2. In November, a grocery chain orders and pays for a production run of seasonal product from Salted Anchor Foods. The chain asks Salted Anchor to hold the goods until its new regional warehouse opens in February, because the chain has no space to receive them. Salted Anchor moves the finished goods to a segregated area of its warehouse, labels them with the chain’s purchase order number, and cannot sell them to anyone else or use them to fill other orders. The goods are complete and ready to ship. When should Salted Anchor recognize revenue on this order?

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Answer review
Revenue recognition

Correct answer: C

In November, because the requirements for a bill-and-hold arrangement are met

Worked reasoning

The entity must be unable to use the product or direct it to another customer. Salted Anchor can’t sell these goods to anyone else or use them to fill other orders. All four conditions are satisfied, so control has transferred in November even though the goods haven’t moved. Salted Anchor recognizes revenue in November.

Guidon CPA BAR practice questions

This product provides preparation for the Business Analysis and Reporting section of the Uniform Certified Public Accountant (CPA) exam.

  • Revenue recognition

    25questions

    • Distinct performance obligations
    • Transaction price allocation
    • When to recognize revenue

  • Leases

    55questions

    • Lease identification and classification
    • Lease liabilities and right-of-use assets
    • Lessee and lessor accounting

One-time purchase

$39

80 questions. Both topics included.

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  • Worked explanations, including why the wrong answers are wrong
  • Practice history and topic standing to see what needs more work
  • New Area II topics included during your 12-month access period
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Focused practice for Area II.

Revenue recognition and leases fall under Technical Accounting and Reporting. Use this question bank alongside your main review course for targeted question practice.

Explore the BAR exam blueprint

40–50%

Area I: Business Analysis

Financial statement analysis, prospective analysis, valuation, and the economic and market concepts behind them.

35–45%

Area II: Technical Accounting and Reporting

Revenue recognition, leases, business combinations, stock compensation, and other complex reporting topics.

Our current topics sit in Area II, with practice at the application and analysis levels.

10–20%

Area III: State and Local Governments

Governmental fund accounting, government-wide statements, and the reconciliation between them.

More Area II topics are in development.

Next we’re adding more Area II topics, and business combinations and stock compensation are in progress.

80 questions today: 25 on revenue recognition, 55 on leases. As of October 2026.

12 months of access from the day you buy. One-time purchase; no automatic renewal.

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Free Leases diagnostic Revenue recognition Leases