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:Self-fulfilling prophecy
Explanation:
Self-fulfilling prophecy, this is when we believe and expect something to happen which is originally a false expectation but which actual end up confirming itself. According to self fulfilling prophecy when we expect certain things from people or from an individual they will start behaving in a way that will fulfill our expectations.
For example Megan has been placed in an advanced track by her teachers as a result she knows they are expecting the best from her and she start to score high marks and even qualifies for college.
Natural monopoly
I’m pretty sure that is the answer
Yes, i think so.
in Feudalism for example, a commoner could get a huge piece of land by offering their services to the nobles
hope this helps
