According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.
A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.
To learn more about revenue recognition principle here
brainly.com/question/28218373
#SPJ4
I think its A.
Because:
B isn't true because if someone gets a hold of your debit card, you're somewhat screwed as they can withdraw your earned money
C Debit cards use earned actual money unlike a credit card
D Most businesses now days don't accept checks, because of so many bounced checks
<span>The social media management dashboard that allows marketing managers submit messages to social media on a scheduled basis and also collect and analyze data from social media is called hootsuite.
The hootsuite was </span>created by Ryan Holmes in 2008 and became <span>the most widely used platform for managing social media.</span>
Answer:
The correct answer is a. has no incentive to hold costs down.
Explanation:
Given that in the natural monopoly there is no competition for the characteristic that we have as a company to offer our products at a lower price and with highly competitive quality, then the direct question of pricing will not have really in-depth studies that take into account the competitors' behavior in order to establish direct incentives. Its fixing method is basic and strictly depends on internal issues such as the expected profitability margin, supply, demand and production process.
Answer:
total Equity at end of the year = $69019 million
Explanation:
given data
assets = $123,249 million
liabilities = $54,230 million
to find out
total equity
solution
we get here total Equity at end of the year that is express as
total Equity at end of the year = Asset - Liabilities .................1
put here value we get
total Equity at end of the year = $123,249 million - $54,230 million
total Equity at end of the year = $69019 million
