Question
The current revenue recognition standard under US GAAP utilizes what type of approach to revenue recognition? A. Transactionspecific B. Industryspecific C. Standardsbased D. Principlesbased Y'all
The current revenue recognition standard under US GAAP utilizes what type of approach to revenue recognition?
A.
Transactionspecific
B.
Industryspecific
C.
Standardsbased
D.
Principlesbased
Y'all took too long I found the answer its D. "Principles-based"
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Comprehensive Assurance & Systems Tool
Authors: Laura R. Ingraham, Greg Jenkins
4th Edition
0134790472, 9780134790473
