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Generally accepted accounting principles require the application of the revenue recognition principle because _______________. A.the revenue recognition principle makes it easy to identify and resolve
Generally accepted accounting principles require the application of the revenue recognition principle because _______________.
A.the revenue recognition principle makes it easy to identify and resolve revenue issues.
B. accounting software has made the revenue recognition principle easy to apply.
C.failure to apply the revenue recognition principle could lead to a misstatement of revenue.
D. recording revenue when cash is received is an objective application of the revenue recognition principle.
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