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:
ended through a series of negotiations between 1990 and 1993 and through unilateral steps by the de Klerk government
Explanation:
There are two macro factors that contribute to the globalization. The first one can be defined as 'free trade' or the flow of capital, goods and services across the globe and it has been present since the 1950s. The second, and the more recent one, is the rapid development of technology.
Answer:
"A writer writes to express strong feeling or emotion"
Explanation:
The best way to complete this statement would be the following, "A writer writes to express strong feeling or emotion". This is the only correct version for this statement that you can make by adding one of the two options listed in the question. Any other way would be grammatically incorrect and thus should not be used.
Answer:
1. Fighting terrorism will bring the peace and harmony around the world, people will get together both emotionally and economically. In such a case, America will be able to expand their economy beyond the current extent.
2. By advancing democracy and human rights people of the country will be able to raise their voice against any injustice and true form of democracy will prevail. It will enhance the society overall.
3. Shaping the global economy can only be done by a country like America which have both intelligence and man power. It will make America, the leader of the world.
