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:
B.Northern Securities controlled all freight service between Chicago and Los Angeles.
Explanation:
He knew what he wanted to do.
Answer:
B. The phosphate groups of ATP are attached by high-energy hydrogen bonds.
Explanation:
ATP stands for Adenosine Triphosphate. It is nothing but the energy carrying molecule that is located inside the cell of the living beings. The primary function of adenosine triphosphate is capture the energy which is obtained when the food molecules breaks inside the body and release these energies to fuel or run other functions performed by the body. This energy is chemical energy. It is modified nucleotide and transports amino acids across the cell membranes.
Thus the option, B. The phosphate groups of ATP are attached by high-energy hydrogen bonds is false.
<u>Answer:
</u>
Governor Eugene Talmadge strongly opposed President Franklin D. Roosevelt's New Deal programs as he opposed the programs that benefited African Americans and the ones that proposed an increase in government spending.
<u>Explanation:
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- Eugene Talmadge is believed to have been a segregationist who was strongly against the idea of granting equal rights and status to the African American citizens.
- He was against the decision of the national government to increase the spending on the 3 R's of the new deal program that meant recovery, relief, and reform. He argued that that the decision of the national government to spend excessive funds on the program would bear more financial load on the states.
