To determine how much debt a firm should pay off revenue to be recognized at the time it is earned,( 2) allows the inflow of assets associated with revenue to be in a form other than cash and( 3) measures the amount of revenue as the cash plus the cash equivalent value of any non-cash assets received from customers in exchange for goods or services is called the:
Business entity principle Question 11. Question: Creditors ' claims on the assets of a company are called:
Net losses Expenses Revenues Equity
for a loan
Only by banks when a business applies
To determine how much debt a firm should pay off revenue to be recognized at the time it is earned,( 2) allows the inflow of assets associated with revenue to be in a form other than cash and( 3) measures the amount of revenue as the cash plus the cash equivalent value of any non-cash assets received from customers in exchange for goods or services is called the: