answersLogoWhite

0


Best Answer

need

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What condition should usually be met before revenue is considered realize?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When is sales revenues usually considered earned?

Sales revenue are usually considered earned when "goods are transfered from the seller to the buyer".


When are sales revenues usually considered earned?

Sales revenues are considered earned revenue because it was generated work the busy working to sell their goods. Businesses that generate a profit bring in more revenue than they spend on producing their products.


What is the liability created by receiving the revenue in advance?

Depends on the nature of the revenue received. Usually unearned revenue, customer advances, contract revenue in advance.


Can a business make a profit if its revenue declines?

Yes. Usually when people say revenue, they mean gross earnings, and since a profit is generally considered a positive number (gross earnings - costs). As long as gross earnings are great than costs, a profit is still made.


What is Esotropia?

The esotrophia condition can cause a person to squint in either eye or both eyes turn inwards. This condition could either always be present or occur intermittently. The condition usually leads to the person being considered cross-eyed.


Examples of revenue reserve?

The revenue reserve refers to the portion of the business profits that are usually retained by the company for investments for future growth. There are usually not redistributed to the shareholders through the special or regular dividends.


What is minimum number of special revenue funds you would expect a local government to have?

The local governments usually have multiple Special Revenue Fund.


Is Williams syndrome dominant or recessive?

it is rarely inherited, and is often spontaneous. but when inherited, it is considered autosomal dominant condition and is usually passed down from someone with the condition to all of their offspring


Revenue should be recognized when?

According to the Realization concept, revenues should only be recognized when: 1) The economic value of the product can be identified. 2) The related revenue (Price) and Cost can be identified. 3) The most critical event has taken place. (This differs from firm to firm but usually once a good has been delivered to it's customer even though he might not have paid for the good, it is considered to be sold and revenue is realized/ recognized)


Why does marginal revenue curve lie below the Demand curve?

Since Marginal revenue refers to the additional revenue earned by a monopolist by increasing the sale by 1 unit ( usually through lowering the price ), the additional revenue earned will always be less since there has been a drop in price.


Why is AIDS considered a condition and not a disease?

AIDS is more accurately called a syndrome. It is a condition and a disease, but not in the usual sense because a disease usually has one cause. AIDS is more of a complex situation as a result of the disease of having HIV infection.


How much does a lead singer make?

A fair percentage of the bands revenue -- usually a percentage on