Question: What is the difference between realized and realizable? Give an example of where the concept of realizable is used to recognize revenue.

What is the difference between realized and realizable? Give an example of where the concept of realizable is used to recognize revenue.

Step by Step Solution

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Revenues are realized when products goods or services merchandise or other assets are exchan... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

11-B-A-G-F-A (65).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!