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:
Aptitude test
Explanation:
Troy is asked to take an aptitude test. an aptitude test is taken for pre-employment purposes. It has four sections each encounter a different aspect of the test takers personality. This test helps the employers to assess the personality and work behaviors, weaknesses and strengths of the test takers so they can evaluate them on according to the job openings they have.
If the scores of the participants matches the job requirements, the applicant passes.
Answer: World War II
Fascism developed in Italy primarily under the leader Benito Mussolini. It is associated with three political parties led by Mussolini: the Fascist Revolutionary Party (PFR) founded in 1915, the succeeding National Fascist Party (PNF), from 1921 to 1943 and the Republican Fascist Party from 1943 to 1945.
Italian fascism promoted Italian nationalism, syndicalism and national expansion. At the same time, it opposed liberalism and Marxist socialism. It also shared the racial overtones of Nazi ideology, and considered Italy the glorious descendant of Ancient Rome.
Answer:
Rwandan President Juvenal Habyarimana, a Hutu, was killed when his plane was shot down above Kigali airport on April 6, 1994, sparking the genocide.
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<span>Many intellectuals and many of those working in development believe that the size of the world's population and its accelerated growth is the greatest problem and the gravest threat to humanity. Clearly, the ratio of the number of people to the amount of food available has an impact on nutrition, but how do these two factors interact? At the end of the eighteenth century the British political economist Thomas Malthus speculated that population growth could soon surpass production and food supply. By the end of the twentieth century, this had not happened, but malnutrition was widespread.</span>
