Answer:
The answer is D, Revenue to be recorded only after the business has satisfied its performance obligation
Explanation:
The revenue recognition principle requires revenue to be recorded only after the business has satisfied its performance obligation. Revenue is considered earned when the service has been provided or when the goods are delivered. revenues are recognized when realized and earned, not necessarily when received. It means that goods or services have been received but payment for the service or product is expected later.
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(UNICEF) is Responsible...
Answer:
D. Demand will increase, and price will increase.
Explanation:
Supply and demand are proportional. If you cut out the factor of price and see it as just those two factors, it is easy to understand that if one falls, the other rises. This goes both ways;
If supply falls, demand (and subsequently price, since stores need to maintain stock) will rise.
If demand falls (this also means that price falls), then a product will be in abundance, and supply rises.
Answer:
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Red Lion Broadcasting Co. v. FCC and Miami Herald Publishing Co. v. Tornillo
