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mina [271]
1 year ago
12

The revenue recognition principle dictates that revenue be recognized in the accounting period in which it is:________

Social Studies
1 answer:
marissa [1.9K]1 year ago
4 0

The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>

<u></u>

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.

To learn more about revenue recognition principle, click

brainly.com/question/28204542

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Lorraine is 16-years-old and, when asked what she wants to do when she graduates from high school replies, "I never really thoug
Brums [2.3K]

Answer:

Option A: Identity Diffusion

Explanation:

diffusion in identity define as ways in which someone tries to understand or know themselves more.in adolescence stage, social identity, personality of a person are not usually or really known(part of self Discovery), and much work effort is not being utilized and put into to discover one's potential or what what wants from life and to do with life.

Most people or individuals in this state or stage are not really bothered about the future or what they want to be. It is a work in progress as people are gradually working on their identity building. The characteristics of individuals in this stage is that they are passive, not worried or bothered about the future, only consider the moment and usually less responsible in their life actions.

5 0
3 years ago
A 64-year-old man had a myocardial infarction (MI) 2 months ago. He has recovered to the point that he is able to climb up two f
Vilka [71]

"You are safe to have sex; you can resume sexual relations when you desire" responses by the nurse is most appropriate.

Option C

<u>Explanation</u>:

A person's sexual intercourse is based on his desire. If the sexual intercourse is absent or limited, it is because he is in depression, the desire for the sexual intercourse has decreases/diminished, and he has fears or anxiety, having an issue with his partner or fatigue. There is no scientific or physiologic basis to refrain the sexual intercourse. If you have problem with "retrograde ejaculation", then it is not because of the myocardial infarction because diabetes can cause the retrograde ejaculation but MI is not  reason for it.

6 0
4 years ago
A simplification of economic reality that is used to make predictions about the real world is known as a(n)_____.
joja [24]

Answer: Economic Theory

Explanation: Economic Theories are principles and ideas aimed at analyzing economic behavior and problems. Economic Theories are product of thorough theoretical research which identifies economic problems, reasons for those problems and ultimately proffers the best possible solution to arrest those problems. Hence economic Theories models economic realities and make real world predictions using this models.

3 0
3 years ago
Informal institutions require what type of "supporting pillar(s)?"
Veronika [31]

I think the answer is A: normative and cognitive.

The normative pillar is about how the values, beliefs, and actions of other relevant players - collectively known as norms - influence the behavior of focal individuals and firms. And the cognitive pillar is composed by the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior.

8 0
3 years ago
Social Security is considered to be mandatory spending by the government. True or false
Flauer [41]

Answer:

true

Explanation:

The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.

6 0
4 years ago
Read 2 more answers
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