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:The location gave the French the opportunity to trade with Native American groups in the Ohio Country and deter the growth of British trade and settlement in North America. In spring 1754, Major George Washington led an expedition of 300 Virginians toward Fort Duquesne to force the French to abandon the site.
Explanation:
Support them without the use of money or with comfort
Jackson beck was the signature opening
<span>To draw cause and effect conclusions, one needs to conduct a formal experiment, sometimes called a control experiment. The independent variable in this type of experiment is the only thing that is allowed to changed so the experimenter is able to conclude that the it is the independent variable which affected the dependent variable. In other words the independent variable effects the dependent variable, and it is the only thing that can effect the dependent variable.
This is not true in correlational experiments. Remember the oft repeated phrase that correlation does not mean causation. In other words, a lot of people carry umbrellas on a rainy day (there is a correlation between rainy days and people carrying umbrellas) but the umbrella carrying people did not cause the rain.</span>