Although President George Bush's 1992 re-election had initially seemed a foregone conclusion after the success of the Gulf War, the 1990 economic recession altered the perceptions of many Americans about him. He subsequently lost the election to the Democratic candidate Bill Clinton.
They answer is the bill of rights
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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I agree with these perspectives on the grounds that there are a few situations where an individual planned to follow up on a good aim however the result wasn't right and here and there an individual expect to act awful after something and the activity ended up being great. My point is that occasionally unexpected things can happen and cause a change to a condition that we have no power in. I trust that an individual ought to be judged in light of their expectations, not their activities.