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1.explain the concepts of realization and recognition as they relate to the measurement and disclosure of revenue under the historical cost system and under a
1.explain the concepts of realization and recognition as they relate to the measurement and disclosure of revenue under the historical cost system and under a system of mark-to-mark or fair value for financial instruments. 2.explain how Myers 'concept of 'critical event' can influence the point at which revenue is recognised.
1.explain the concepts of realization and recognition as they relate to the measurement and disclosure of revenue under the historical cost system and under a system of mark-to-mark or fair value for financial instruments.
2.explain how Myers 'concept of 'critical event' can influence the point at which revenue is recognised.
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