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 think the correct answer is D
<span>a. few govt regulations of business</span>
Crude divorce rate is the ratio of the number of divorces to the average population in a given year. Divorce-marriage ratio is the ratio of the number of divorces to the number of marriages in a given year. Refined divorce rate is the ratio of divorces to the number of married women. Divorce rate is the general term for all of these ratios.
Thus, from the description, the answer is divorce-marriage ratio.
