Time left 0:51:0The statement 'revenue is recognized in the accounting period in which theperformance obligation is satisfied' best describes thea.consistency characteristicO b. expense recognition principleОс.revenue recognition principleO d. relevance characteristicNext page

The revenue recognition principal state that the the revenue should be recognised in books when the…

The statement 'revenue is recognized in the accounting period in which the performance obligation is satisfied' best describes the O a. consistency characteristic O b. expense recognition principle O c. revenue recognition principle O d. relevance characteristic

The statement 'revenue is recognized in the accounting period in which the performance obligation is satisfied' best describes the O a. consistency characteristic O b. expense recognition principle O c. revenue recognition principle O d. relevance characteristic

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 2RE: Match the following items with correct accounting treatment (A through C):

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Question

Time left 0:51:0
The statement 'revenue is recognized in the accounting period in which the
performance obligation is satisfied' best describes the
a.
consistency characteristic
O b. expense recognition principle
Ос.
revenue recognition principle
O d. relevance characteristic
Next page

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