Refer to Research In Motions financial statements in Appendix A to answer the following. 1. Identify and

Question:

Refer to Research In Motion’s in Appendix A to answer the following.
1. Identify and write down the revenue recognition principle as explained in the chapter.
2. Review Research In Motion’s footnotes to discover how it applies the revenue recognition principle and when it recognizes revenue. Report what you discover.
3. What is Research In Motion’s profit margin for fiscal years ended February 28, 2009, and February 27, 2010.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...