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Revenue Recognition
The accounting principle detailing the specific conditions under which revenue is recognized and recorded.
Reasonably Estimated
A concept that pertains to the feasibility of approximating a figure or amount in the absence of precise or complete information, often used in accrual accounting.
Bundled Sales
A marketing strategy where multiple products or services are packaged together and sold at a single price.
Lump-sum Contract
A type of contract in which all work is agreed to be completed for a single, fixed price, regardless of the actual costs incurred.
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