Intermediate Accounting, Binder Ready Version
Intermediate Accounting, Binder Ready Version
16th Edition
ISBN: 9781118742976
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Publisher: WILEY
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Chapter 2, Problem 19Q
To determine

Revenue: An income generated out of the normal or usual business activities is termed gross revenue. The amount of expenses related to normal or usual business is subtracted from the gross revenue to compute the net revenue.

To determine the revenue recognition principle.

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Intermediate Accounting, Binder Ready Version

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Revenue recognition explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=816Q6pOaGv4;License: Standard Youtube License