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What are the elements of the financial statement that are impacted by revenue recognition (CON6)? Articulation of the financial statements. Each of the financial statements

  • What are the elements of the financial statement that are impacted by revenue recognition (CON6)?
  • Articulation of the financial statements.
  • Each of the financial statements are interrelated, though reporting something different from each other.Use CON6 as a reference to items impacted on each financial statement.
  • How is revenue recognized and reported via criteria found in CON5?

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