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:
Hello here is your answer and the correct one
Explanation:
<em>C </em>
Answer:
Spanish conquistador Hernán Cortés (c. 1485-1547)
Explanation:
known for conquering the Aztecs and claiming Mexico on behalf of Spain
Answer:
internal locus of control; external locus of control
Explanation:
Ryan is said to have a(n) internal locus of control which refer that one can control the outcomes of event in their life. While Michael, a(n) external locus of control which refer that outcome controlled by external factor and person is unable to control the outcomes of event.
The answer is: b. competition model
According to the competition model, at the earlier period when people try to learn different language structure, the information that people learn will compete/conflicting with one another.
This phenomenon explain the irregularity that occurs among children when they're trying to use past tense. Since the information about different sentences overlapping in their head, they sometimes overgeneralize some words as if they belong in the same tenses.
