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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What types of disclosures must companies make to allow users to understand how revenue is by affected economic factors?

To determine

State the types of disclosures used by companies to permit users for understanding the manner in which the revenue is affected by economic factors.

Explanation

Revenue recognition by Companies: Companies must recognise revenues to represent the “Transmission of promised goods and services to customers in an amount that reflects the consideration” to which the entity anticipates to be authorized in exchange for those good and services...

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