What two conditions must be met for a company to recognize revenue from a transaction or event

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What two conditions must be met for a company to recognize revenue from a transaction or event in its accounting records? When might these conditions differ?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:10 AM

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What two conditions must be met for a company to recognize revenue from a transaction or event

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Revenues should be both realized assets exchanged for cash or a claim to cash and earned prov...View the full answer

Core Concepts of Accounting

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