What is the core revenue recognition principle

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Question 1. What is the core revenue recognition principle? Explain the five steps in applying the revenue recognition principle.

Question 2. Compare and contrast when it is appropriate to recognize revenues at a single point in time versus when to recognize revenues over a period of time.

Question 3. How to determine if a contract exist and when and what are the criteria for determining if a performance obligation exis

Reference no: EM132997945

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