acc305_wk_2_dq2_revenue

Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 305.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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Judgment Case 5-2 (page 291)Revenue earned by a business enterprise is recognized for accounting purposes at different times, according to the circumstances. In some situations revenue is recognized approximately as it is earned in the economic sense. In other situations revenue is recognized at point of delivery.Required:1. Explain and justify why revenue often is recognized as earned at point of delivery. 2.Explain in what situations it would be useful to recognize revenue as the productive activity takes place. 3.At what times, other than those included in (1) and (2) above, may it

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