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Why does Mars have seasons similar to the Earth?
Cash Basis
A financial recording technique that only acknowledges income and expenditures upon the actual receipt or disbursement of cash.
Revenue Recognition
The accounting principle that dictates the specific conditions under which income is recognized by an entity.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction happens.
Revenue Recognition
The accounting principle that determines the specific conditions under which revenue is recognized and recorded in the financial statements.
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