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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Hi
There many rules John Smith instituted in Jamestown, but the most common one was, "He would does not work, shall not eat".
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Reform in Britain 1870-1914 - History Homewww.historyhome.co.uk/peel/politics/reform.htm<span>These notes examine the major reforms introduced into the UK during the period 1870 to 1914. ...During the 19th century Britain's government was the model most Liberals ... In 1903 the Women'sSocial and Political Union was founded by Emmeline ... up to the age of 10 (raised to 12 in 1899) and in 1891 it was made free.</span>
Answer:
Should be the statewide approval option for the following question asked
"What was the first step for Georgia's secession?
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Explanation:
