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r-ruslan [8.4K]
1 year ago
7

According to the revenue recognition principle, revenue is to be recognized when:____.

Business
1 answer:
ehidna [41]1 year ago
8 0

According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.

A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, 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.

To learn more about  revenue recognition principle here

brainly.com/question/28218373

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Why do countries specialize? Check all that apply.a) to produce more of certain goods and services in a more efficient wayb) to
Svetlanka [38]

Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services

Explanation:

Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.

It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.

3 0
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Answer:

It is an example of the Job enlargement

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3 years ago
A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most like
konstantin123 [22]
A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will be less costly to create.
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3 years ago
(question in attached image)
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B

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Explain why unions have declined in power in the last few decades.
Agata [3.3K]

Answer: See explanation

Explanation:

There are a number of reasons for the reduction in the power of unions in the last few decades.

One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.

Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.

Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.

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