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As a result of the revenue recognition project being undertaken by the FASB and IASB: revenue recognition places more emphasis on when the performance obligation
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As a result of the revenue recognition project being undertaken by the FASB and IASB:
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revenue recognition places more emphasis on when the performance obligation is satisfied.
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revenue recognition places more emphasis on when revenue is realized.
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revenue recognition places more emphasis on when expenses are incurred.
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revenue is no longer recorded unless cash has been received.
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