Whenever a business lays off workers, the former make more money.
Let's say you run a tea production company and your production costs, which includes paying your workers, are higher than your earnings. As a consequence, you can not afford paying your employees and, inevitably, you have to fire them so that you have more money to keep running your company.
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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The Christian church's first martyr was Stephen.
Answer: Erickson's second stage of development- Autonomy vs. Shame and Doubt
Explanation:
According to Erickson's theory of psychosocial development Christian is accomplishing tasks associated with The second stage of development- Autonomy vs. Shame and Doubt which takes place usually from 18 months to three years.
In this stage, children develop a sense of independence and willful exploration and sense of personal control. They can perform little tasks on their own and take decisions on what they prefer to also parents and guardians can help then develop autonomy by allowing them make their choices.
If they are discouraged or scolded for mistakes in courses of thier actions, may develop shame and doubt and struggle with a sense of personal control.
