What is recognition? What is realization? What two factors provide guidance for revenue recognition? Why is revenue

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What is recognition? What is realization? What two factors provide guidance for revenue recognition? Why is revenue usually recognized at the time of sale?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 05:52 AM

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What is recognition? What is realization? What two factors provide guidance for revenue recognition? Why is revenue

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Recognition is the process of formally recording and repo...View the full answer

Intermediate Accounting

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