Answer:
The revenue should not be recognized because of the unusual and subjective terms under which the buyer has the right to return the product.
Explanation:
If a buyer of goods has the right to return a product, the transaction is considered a sale with a right of return. When regular sales are made under these terms and there is a reasonable basis for estimating returns, revenue from the sale ought to be recognized and an allowance for returnsshould be established.
However, when the rate of returns cannot be reasonably estimated, revenue is not recognized until the right of return expires. Even though the goods were shipped in 2015, until the buyer accepts the goods or the right to return them expires, revenue would not be recognized.
Answer:
Simile
Explanation:
It has the word 'like'' in the the sentence .
1) "Islam" means "surrender" or "submission". "Salam" (which means "peace") is the root word of "Islam". In a religious context the word "Islam" means "the surrendering of one's will (without compulsion) to the true will of God in an effort to achieve peace".
2) "Muslim" means "anyone or anything that surrenders itself to the true will of God". By this definition, everything in nature (trees, animals, planets, etc.) are "muslims" because they are in a state of surrender to God's will. In other words, they are fulfilling the purpose for which God created them.
3) Islam is not a new religion or cult. It is a universal way of life and civilization. Studies show that between 1.5 and 1.8 billion people in the world identify their religion as Islam. Along with Judaism and Christianity it traces its roots through Prophet Abraham and back to the first humans Adam and Eve.
4) There are five pillars of practice in Islam. These practices must be undertaken with the best of effort in order to be considered a true Muslim: A) Declaration of faith in One God and that Muhammad is a prophet of God. B) Formal prayer five times a day. C) Poor-due "tax" - 2.5% of one's excess wealth given to the needy once a year. D) Fasting during the daylight hours in the month of Ramadan. E) Pilgrimage to Mecca at least once, if physically and financially able.
5) There are six articles of faith in Islam. These are the basic beliefs that one must have in order to be considered a true Muslim. They are belief in: A) the One God. B) all of the true prophets of God. C) the original scriptures revealed to Moses, David, Jesus and Muhammad. D) the angels. E) the Day of Judgment and the Hereafter. F) destiny.
6) Islam is a complete way of life that governs all facets of life: moral, spiritual, physical, intellectual, social, economical, etc.
7) Islam is one of the fastest growing religions in the world. To become Muslim, a person of any race or culture must say a simple statement, the shahadah, that bears witness to the belief in the One God and that Muhammad is a prophet of God.
8) "Allah" is an Arabic word that means "God". Muslims also believe that "Allah" is the personal name of God.
9) Allah is not the God of Muslims only. He is the God of all people and all creation. Just because people refer to God using different terms does not mean there are different gods. Many Hispanics refer to God as "Dios" and many French refer to God as "Dieu" yet they mean the same God. Many Arab Jews and Arab Christians call God "Allah" and the word "Allah" (in Arabic script) appears on the walls of many Arab churches and on the pages of Arabic Bibles. Although the understanding of God may differ between the various faith groups, it does not change the fact that the One Lord and Creator of the Universe is the God of all people.
10) The Islamic concept of God is that He is loving, merciful and compassionate. Islam also teaches that He is all-knowing and the perfect judge of affairs, and will punish (or forgive) accordingly. However, Allah once said to Muhammad, “My mercy prevails over my wrath”. So Islam teaches a balance between fear and hope, protecting one from both complacency and despair.
