Question and answer
The revenue recognition principle dictates that revenue should be recognized in the accounting records: a) when cash is received b) in the period that income taxes are paid c) when it is earned. d)at the end of the month.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
Question
Asked 2/16/2013 1:41:33 PM
Updated 5/27/2016 12:52:29 AM
1 Answer/Comment
Flagged by emdjay23 [5/26/2016 2:32:05 PM], Edited by Andrew. [5/27/2016 12:52:28 AM], Unflagged by Andrew. [5/27/2016 12:52:29 AM]
Get an answer
New answers
Rating
3
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
Added 5/26/2016 2:32:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [5/27/2016 12:52:29 AM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
27,350,900
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Multiply (2x + 8)(4x + 7).
Weegy: 3(4x + 2x) = 8; User: Multiply (2m + 3)(m2 – 2m + 1).
9/10/2018 6:41:43 AM| 2 Answers
Where did the D-Day invasion occur during World War II? A. ...
Weegy: D-Day invasion occur in France. User: What reason was given for the German annexation of Austria in 1938? ...
9/10/2018 9:14:32 PM| 2 Answers
Which of the following was a reason for the collapse of the Soviet ...
Weegy: A flawed, underperforming economy was a reason for the collapse of the Soviet Union. User: Which of the ...
9/10/2018 9:13:09 PM| 2 Answers
The Incident Command System (ICS) is only applicable to large, ...
Weegy: The Incident Command System (ICS) is a standardized management tool for meeting the demands of small or large ...
9/10/2018 11:19:20 PM| 2 Answers
S
L
Points 1038 [Total 1349] Ratings 14 Comments 898 Invitations 0 Offline
S
R
L
R
P
R
P
R
R
R
R
Points 412 [Total 1296] Ratings 3 Comments 292 Invitations 9 Offline
S
L
R
P
R
P
R
P
R
Points 351 [Total 1126] Ratings 3 Comments 291 Invitations 3 Offline
S
L
P
P
P
Points 312 [Total 1188] Ratings 0 Comments 312 Invitations 0 Offline
S
L
R
Points 34 [Total 151] Ratings 0 Comments 34 Invitations 0 Offline
S
Points 33 [Total 33] Ratings 1 Comments 23 Invitations 0 Offline
S
Points 18 [Total 18] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
L
1
R
Points 2 [Total 1453] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.