Question: 1 What is the revenue recognition principle 2 What is

1. What is the revenue recognition principle?
2. What is the current environment regarding revenue recognition?
3. Research a current company's financial statement that the SEC has present or past investigations on for revenue recognition practices of a company. Why do you think there are so many of these?
4. How is the IFRS-FASB Convergence Project potentially changing the revenue recognition as we know it today?

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