The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
<u></u>
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:
Their results include major changes in culture, economy and socio-political institutions, usually in response to perceived overwhelming autocracy or plutocracy. Scholarly debates about what does and does not constitute a revolution center on several issues.
Explanation:
During the third step of the scientific method, when researchers test the hypothesis, they conduct <u>empirical research</u>.
<h3>What is the 3rd step in
scientific method?</h3>
Basically, the scientific method refers to the process of objectively establishing facts through testing & experimentation. It involves the process of making an observation, forming a hypothesis, making a prediction, conducting an experiment, analyzing the results etc.
The third step in the scientific method is the need to collect and analyze data, that is, the testing of hypotheses by conducting Empirical research by collecting and analyzing data.
Hence, when researchers test the hypothesis, they conduct <u>empirical research</u>.
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I think a it would be longitude 180
The air pollution is caused by toxic gases such as carbon monoxide
