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The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to
The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash, and (3) measures the amount of revenue as the cash plus the cash equivalent value of any noncash assets received from customers in exchange for goods or services, is called the: Revenue recognition principle. Objectivity principle. Business entity assumption. Going-concern assumption. Cost principle
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