The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
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The revenue recognition principle is a feature of accrual accounting which requires that revenues are recognized on the income statement, in that time period when they are earned and realized, not necessarily when the cash is received.
The principle is important because it enables a business to show profit and loss accurately, since the revenue is recorded when it is earned, not when it is received. Usage of this principle also helps with financial projections, which allows the businesses to project future ventures more accurately.
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Answer:
Explanation:
El Foro y la Mesa Redonda son muy similar pero tienen tambien una grande diferencia. El foro tambien donde se reunen para discutir diferentes asuntos y donde todos escuchando pueden intevenir en la discusion, incluyendo el auditorio. La Mesa redonda es mas para una cierta cantidad de sujetos que se reunen para desarollar un tema en especifico. En otras palabras la gran diferencia entre las dos son la cantidad de individuos que participan en la discussion.
Answer:
have direct control over?
<span>1. The majority of
American people had a nonchalant attitude towards America's involvement in the
war before the fateful day of the Pearl Harbor bombing on December 7, 1941.
They were aware that a war was going on but did not feel its reality until that
incident. It united the nation overnight. Every citizen was then thinking of
how to contribute to winning the war. Even the industry was focused on
manufacturing war equipment, car production in Detroit was put to a halt for
the manufacturers to start producing planes instead of cars, and the media also
became focused on the war, movies and news centred on World War II.
2. The Pearl Harbor military base was, of course, destroyed right after the
attack, the human casualties was a staggering 2,335, the destroyed and damaged
ships, submarines, aircraft, and cruisers were a great loss to America's
armada. However, the Pearl Harbor now represents a memento of how the nation
acted and became united during the 2nd World War, it has remained an American
Naval Base, which is also open to civilians to visit especially on Pearl Harbor
Day.</span>
Elite buddhism moved to religion for all the common people, while the court started to share power with high-ranking samurais. The court was open to foreign visitors and merchants from the mainland were equally welcome as the court was very interested in perfumes, books and works of art.
