This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The revenue recognition principle requires that revenue be recognized in the accounting records ... (Read 68 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

False


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The principle of faunal succession uses animal fossils to tell relative time. The principle of faunal succession uses animal fossils to tell relative time.
Principle of Recuperation Principle of Recuperation
Comparison of Paper Medical Records and Electronic Health Records Comparison of Paper Medical Records and Electronic Health Records
To maintain global power requires the continuous development of weapons. Shown here is the Osprey. ... To maintain global power requires the continuous development of weapons. Shown here is the Osprey. ...
Development Accounting Development Accounting
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library