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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Although Costco pays its employees substantially more than its closest competitor, Sam's Club, it has similar financial returns on its labor costs due to which of the following? a. lower turnover and higher levels of productivity b.
Answers (1)
Nick has a goal to pay his credit card balance in full by June 30. When he first wrote the goal in December, his balance was $2,500. It is now April, and he can pay all except $200.
Answers (1)
The federal government tends to increase their spending to get the economy out of recessions. Explain the expected impact on each of the components of aggregate demand due to this and the mechanism through which this operates.
Answers (1)
Bari Jay, a gown manufacturer, received an order for 600 prom dresses from China. Her cost is $35 a gown. If her markup based on selling price is 79%, what is the selling price of each gown?
Answers (1)
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $300, 000, and direct labor costs to be $150, 000.
Answers (1)
New Questions in Business
Which statement is true? A diverse workplace can cause people to become prejudiced. Cultural barriers can pose a challenge to creating a diverse workplace. Enforcing the use of English reduces challenges in creating a diverse workplace.
Answers (1)
The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively.
Answers (1)
How would small business owners apply this concepts to maximize his or her wealth?
Answers (1)
One difference between total utility and marginal utility is that
Answers (1)
Michaels sets goals at the top of the organization. Then, breaks down these objectives for merchandise categories and regions. When these objectives reach the buyers, each objective is personalized. What does this process demonstrate?
Answers (1)