Maurice Tutor

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    Phoniex University
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Category > Accounting Posted 23 Jul 2017 My Price 3.00

accounting principle

On December 30, 2010, KPMG signs a $150,000 contract to provide accounting services to one of its clients in 2011. KPMG has a December 31 year-end. Which accounting principle or assumption requires KPMG to record the accounting services revenue from this client in 2011 and not 2010?

a. Business entity assumption

b. Revenue recognition principle

c. Monetary unit assumption

d. Cost principle

e. Going-concern assumption

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Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 10:07 PM My Price 3.00

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