Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea) consistency characteristic. b) expense recognition principle. c) revenue recognition principle. d) relevance characteristic.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea) consistency ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In 2018, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 2017, CPS's inventories were $32 million (FIFO). CPS's records indicated that the inventories would have totaled $23.
Answers (1)
Digby currently has $19,743 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000).
Answers (1)
Unsystematic risk: a. can be effectively eliminated through portfolio diversification. b. is compensated for by the risk premium. c. is measured by beta. d. cannot be avoided if you wish to participate in the financial markets. e. All of the above.
Answers (2)
The Civil Service Act and the systems it made possible are all products of the twentieth century. Group of answer choices True False
Answers (1)
Brainliest! What type of competitive situation is this? Mr. Jones has approximately 300 dairy cattle that he milks twice a day. Every morning at 9 a. m., the wholesaler stops on his route with his tanker truck and picks up Mr. Jones' milk.
Answers (1)
New Questions in Business
True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False
Answers (1)
Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10 percent. Refer to the given information.
Answers (1)
Other than getting laborers to work their land, how did the sharecrop system benefit landowners? a. Government subsidies provided them with more income. b. Profits were greater than under the slave labor system. c.
Answers (1)
A landlord charges the same apartment rent as last year, but now adds a fee for parking spaces. This practice is known as:
Answers (1)
One year ago, you purchased a stock at a price of $38.22 a share. Today, you sold the stock and realized a total loss of 11.09 percent on your investment. Your capital gain was - $4.68 a share. What was your dividend yield?
Answers (1)