Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Download Solution

Related Solution

Web Sources Assignme...
1) Warshaw, Christopher. "Local elections and representation in the United States." Annual Review of Political Science 22 (2019): 461-479. The investigation of city races and portrayal has filled fund...

Web Sources Assignment 7
Web Sources Assignment 7

1) Warshaw, Christopher. "Local elections and repr

Unit 8 Discussion_16...
I enjoyed learning about the various meanings of quality, values and principles related to business and how they all come together in orders to form a business philosophy to be successful. Learning ab...

Unit 8 Discussion
Unit 8 Discussion

I enjoyed learning about the various meanings of q

Ch 13 Discussion_162...
The infection cycle of animal virus includes six steps– attachment, penetration, uncoating, replication, assembly, and release.

Chapter 13 Discussion
Chapter 13 Discussion

The infection cycle of animal virus includes six s

Week Two Individual Discussion Questions

Week Two Individual Discussion Questions

Q Reply to the following instructor's general discussion question(s) according to the discussion board guidelines. Chapter 2 illustrates the importance and structure of the conceptual framework for financial reporting: the "why", the "what", and the "how". Illustration 2.7 on page 2-22 provides a great summary. GAAP is built on this framework. Choose two items from the second or third levels of the inverted pyramid that resonate with you. Do not choose anything from the Elements section. Tell us why they resonate with you.

View Related Questions

Solution Preview

View Complete Solution
A performance obligation is an agreement between a company and a customer to perform a service or sell a product. Upon satisfaction of the performance obligation, revenue is recognized. Basically the revenue recognition principle requires that a company recognizes revenues during the accounting period in which the performance obligation is satisfied. Let's use a real world example. I worked as a contractor for six years. My bosses company, Prime Colors LLC. would bid on jobs. if he won the bid... Step 1: My boss and either the general contractor or home owner would engage in an agreement in the form of a contract in November.