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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Determining what is ethical can sometimes be difficult because certain actions can be justified or condemned depending on how you view the relationship between <u>legal </u>and <u>ethical</u>.
A moral relationship, in most theories of ethics that use the term, maybe a basic and trustworthy relationship that one has got to another human being, that can't essentially be characterized in terms of any abstraction nonetheless hand} trust and customary protection of every other's body. Honesty is extremely typically a serious focus.
Ethical relationships are engineered upon mutual respect and mutual caring. moral relationships need truth-telling and honesty. moral relationships don't cash in on the other for self-serving political, economic, or sexual gain. Ethical behavior is characterized by honesty, fairness, and equity in interpersonal, skilled, and educational relationships and in analysis and scholarly activities. moral behavior respects the dignity, diversity, and rights of people and teams of people.
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Answer:
Louder music corresponds to more beer consumption. But this doesn't provide evidence that louder music can causes people to drink more beer.
Explanation:
The louder music does not cause people to drink more beer. There is a spurious correlation between drinking beer and Loud music because of the presence of confounding variable Social which is the interaction in the bar. The people at the bar are not able to talk to each other more because of the presence of loud noise or music. So, they are forced to drink beer more rather than talking during their stay at the bar.
The answer to the question above is this: THE GENERALIZED OTHER. The Generalized Other is actually proposed by <span>George Herbert </span><span>Mead. This is a concept in social science that refers to someone who reacts and behaves based on how other people expects them to be. George Herbert Mead is actually a known American Philosopher and sociologist.</span>