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What is the primary criterion for revenue recognition apply

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Reference no: EM13512239

1. a. When is revenue generally recognized, and what are three other alternative points in time for recognizing revenue?

b. When is each alternative revenue recognition method appropriate and why have these methods evolved?

c. What is the primary criterion for revenue recognition applied in practice, and what attributes must be measurable before revenue is recognized?

2.What are the three categories of expenses identified in APB Statement 4, and what is the related hierarchy of expense recognition?

Reference no: EM13512239

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