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2 years ago

The core revenue recognition principle stipulates that companies recognize revenue when goods or services are:_______

1 answer:

Colt1911 [192]2 years ago

8 0

The core revenue recognition principle stipulates that companies recognize revenue when goods or services are transferred to customers.

In accordance with generally accepted accounting principles (GAAP), revenue recognition specifies the circumstances under which revenue should be recorded and how it should be accounted for. A significant event usually triggers the recognition of revenue, and the corporation can simply quantify the financial amount.

The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished. Attorneys, for instance, bill their clients according to billable hours and then present the invoice. Clients are frequently billed by the percentage of completion by construction managers.

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ahrayia [7]

Answer:

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Explanation:

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3 years ago

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galben [10]

The correct answer to this open question is the following.

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3 years ago

What was the stonewall inn before it reopened as gay bar?

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3 years ago

_____ retrieval would suggest that, if Asher is asked to recall a childhood memory when he is in a bad mood, he will MOST likely

Lubov Fominskaja [6]

Answer:

State-Dependent Retrieval

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3 years ago

. A student walks 2 km in 30 minutes. What is the student's average speed in km/h? Record your answer and fill in the bubbles on

SCORPION-xisa [38]

Answer:

4 km/h

Explanation:

The computation of the average speed of the student in km/h is shown below:

He walks 2 km in 30 minutes

2km

and 30 minutes = 0.5 hour

So,

the speed = Distance ÷ speed

= 2 ÷ 0.5

= 4 km/h

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3 years ago