What are the two conditions that an asset of a business needs to fulfill?
1 answer:
Answer:
<h2>✒️Answer:</h2><u>Two conditions must be satisfied. First, the revenue must be earned, which typically means that the customer has received the good or service. Second, the revenue must have been realized or realizable, implying that the customer has paid or is expected to pay for the merchandise.</u>
Step-by-step explanation:
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