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:
To establish how the setting creates obstacles for the characters
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Explanation:
Ernest H. Griffin's "The Oasis: Africa," tells a thrilling story of a desert journey and how rough and severe nature can be to travelers in a desert. Deprived of the basic necessities especially water, the discovery of an oasis in the desert brought a huge relief to the characters.
The author starts the story by narrating or describing the landscape of the place where they are starting their journey. Normally, settings or in this case, descriptions of the landscape allows the readers to get a sense of where the story takes place. Moreover, the inclusion of details about the hardships that the narrator encounters also adds to this image of what the scene most looks like. And so, this <u>reveals how the setting creates the obstacles that the characters will be met with.
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Answer:
Rural areas are often poor and lack the services, employment opportunities, and leisure activities that cities have. Teens often complain of boredom, and drug and alcohol use can be high.
Answer:
A. A signal phrase may appear before, in the middle, or after researched information you are sharing.
Explanation:
Signals phrase refers to a phrase that is used to introduces a quotation, paraphrase of a sentence, or a summary of that sentence. Most commonly, signals phrases are used to indicate a dialogue between two or more characters.
You can choose to use signal phrase before, in the middle, or after the information.
For example:
<u>Before:</u>
My mother said. "Fried foods are unhealthy for you."
<u>After:</u>
"Fried foods are unhealthy for you," my mother said.
<u>in the Middle:</u>
"Fried foods are unhealthy for you," my mother said, "eat more vegetables instead."
