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The revenue recognition principle states that: A)Accounting information is based on actual cost B)Revenue is recognized when it is earned C)A company reports details behind
The revenue recognition principle states that:
A)Accounting information is based on actual cost
B)Revenue is recognized when it is earned
C)A company reports details behind financial statements that would impact a users decision
D)A company record that expenses it incurred in the same period it generated related revenues
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