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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Yes because I love animals even if I had a pet shark I would be sad
Answer:
b.recite
Explanation:
Jamal is in the recite strategy as defined in the SQ3R method. The SQ3R is a reading comprehension method that helps us understand, the most information as possible, from textbooks. The first strategy is survey, which tells us to do as much research as it could be done; for the subject in matter (this will help us have a heads up with the information we are going to deal with). The second strategy is question, which tells us to ask as much questions as possible; about the subject (the more responds to the questions you have, the clearer your brain becomes). The third strategy is read, which tells us to read it as slowly as possible; to really understand what the texts are telling us and look for the answers to the questions you asked yourself before. The fourth one is recite, which tells us to make writing tools such as mental and conceptual maps or outlines that helps us filter the information to the one that we really need and it will help us to understand it better.
Answer: a standard memorized
Explanation: As a result of the fact that Barbara is a new salesperson, she needed to memorize the written sales presentation to interface during sales call inorder to serve as a guide.
Answer:
encouraging the settlement of frontier lands.
Explanation:
The Northwest Ordinance, also known as the Ordinance of 1787, was a policy that established a governmental structure and the procedures to admit territories as a state in Union. The Ordinance also guaranteed equality to the newly states with the original thirteen states.
The Homestead Act of 1862 was an act passed by President Abraham Lincoln. The act granted Americans, including freed slaves, to claim public lands in the West for a small filing fee up to 160 acres. The landowners were required to build a home, farm the land, and make it a resident place for five years.
Therefore, both the acts were passed to encourage the settlement of frontier lands.
