Kimmel, Financial Accounting, 8e, Custom for University of Akron Help I ents Multiple Choice Question 71 Why do generally accepted accounting principles require the application of the revenue recognition principle? It is easy to apply the revenue recognition principle because revenue issues are always easy to identify and resolve. Accounting software has made the revenue recognition easy to apply. 0 Failure to apply the revenue recognition principle could lead to a misstatement of revenue. O Recording revenue when cash is received is an objective application of the revenue recognition principle. LINK TO TEXT