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Joan Holtz (A)
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Written by:
Jannie H
Date added:
April 27, 2013
Level:
College
Grade:
A
No of pages / words:
1 / 162
Was viewed:
6003 times
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According to the U.S. Securities and Exchange Commission, over half of the financial fraud cases involve improper recognition of revenue (Anthony, Hawkins, & Merchant, 2007, p.111). Therefore, an entity should err on the side of caution when reporting revenue. In keeping with the conservatism and realization concept, revenue should be recognized when the service has been performed...
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