Nations trade because...
B. They can't produce by themselves everything they need to survive
(The countries trade items with each other)
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.
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Answer:E. Pure Project
Explanation:Pure Project Organization A pure project is the one which has self contained members who works fully on the project, so this mean their overall time is dedicated on working with a project.A "pure project organization" is a model in which a project manager has an overall power and authority in overseeing that project.
