Examlex
_____ refers to the ability of the circulatory and respiratory systems to supply oxygen and nutrients to working muscles during sustained physical activity.
Revenue Recognition Principle
An accounting principle that dictates that revenue should be recognized in the accounting period in which it is earned and realizable.
Recognized
Recognized, in accounting terms, refers to the official acknowledgment of a transaction or event in the financial statements through recording it.
Customers
Individuals or entities that purchase goods or services from a business, contributing to the company's revenue.
Revenue Recognition Principle
An accounting standard requiring revenue to be recognized in the accounting period when it is earned and measurable.
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