What is the difference between realized and realizable? Give an example of where the concept of realizable

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

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 10, 2010 12:44 AM

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What is the difference between realized and realizable? Give an example of where the concept of realizable

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

Intermediate Accounting

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