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    Financial Management Principles and Applications Study Set 3
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    Exam 3: Understanding Financial Statements, Taxes and Cash Flows
  5. Question
    The Revenue Recognition Principle Requires That Only the Amount of Revenue
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The Revenue Recognition Principle Requires That Only the Amount of Revenue

Question 52

Question 52

True/False

The revenue recognition principle requires that only the amount of revenue for which cash will be received in the current fiscal year be recognised in the current year.

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