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.
To learn more about revenue recognition principle, click
brainly.com/question/28204542
#SPJ4
<span>Henry Murray emphasized the dynamic nature of individuals, as well as the importance of needs and motivations by his theory of personality called personology.</span>
The answer is cognitive restructuring. This is also one of
the therapy that is needed for Amy. It is a psychotherapeutic development of knowledge
to identify and maladaptive thoughts or dispute irrational known as cognitive
distortions, such as all-or-nothing thinking (splitting), magical thinking,
over-generalization, magnification, and emotional reasoning.
Answer:
procedural and declarative.
Explanation:
- The declarative knowledge is the knowledge that is about the facts and things and procedural is about the knowledge about how to perform the certain cognitive activity such as the reasoning and decision making.
