Question: After studying Chapter 5-Income Concepts , answer the following question in your own words . Discuss the differences between the economic and accounting concepts of

After studying Chapter 5-Income Concepts, answer the following question in your own words.

Discuss the differences between the economic and accounting concepts of income.
Discuss how revenue might be recognized at various points in a companys production - sale cycle.
Discuss the matching concept.

Discussion Forum #4: Income Concepts After studying Chapter 5-Income Concepts, answer the following question in your own words. You can answer either in English or in Spanish, using a professional language. 1. Discuss the differences between the economic and accounting concepts of income. 2. Discuss how revenue might be recognized at various points in a company's production - sale cycle. 3. Discuss the matching concept. Discussion Forum #4: Income Concepts After studying Chapter 5-Income Concepts, answer the following question in your own words. You can answer either in English or in Spanish, using a professional language. 1. Discuss the differences between the economic and accounting concepts of income. 2. Discuss how revenue might be recognized at various points in a company's production - sale cycle. 3. Discuss the matching concept

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