This topic contains a solution. Click here to go to the answer

Author Question: The revenue recognition principle requires that revenue be recognized in the accounting records ... (Read 44 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
The revenue recognition principle requires that revenue be recognized in the accounting records ________.
 
  A) when cash is received
  B) when it is earned
  C) at the end of the accounting period
  D) in the period the income taxes are paid

Question 2

The depositor who orders the bank to pay a certain amount of money is known as the drawee.
 a. True
   b. False
   Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

B

Answer to Question 2

False




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jul 5, 2018
Excellent


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library