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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Answer:
According to Kohlberg, an individual progresses from the capacity for pre-conventional morality (before age 9) to the capacity for conventional morality (early adolescence), and toward attaining post-conventional morality (once Piaget's idea of formal operational thought is attained), which only a few fully achieve.
Explanation:
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Richard M. Nixon is known to be the conversion of United States forces in Vietnam. Nixon was the President of the United States at 37th number from 1969 to 1974 at his retirement. He was the single president to retire from office. He had earlier worked as the 36th Vice President of the United States during the years 1953 to 1961.
Answer:
hitler blamed the Jewish for the destruction.
Explanation:
that is why hitler hated the jews so badly.
