Examlex
Compared to holding a conversation while driving, using a cell phone while driving:
Arrangement
An agreed-upon plan or agreement between two or more parties, often used in a legal, financial, or commercial context.
Agreed-upon Transaction
A financial or trade transaction that has been confirmed and accepted by the involved parties.
Revenue Recognition
The accounting principle that dictates the specific conditions under which revenue is recognized and reported on the financial statements.
Percentage-of-Completion Method
An accounting method used to recognize revenues and expenses of long-term projects proportionately with the degree of completion.
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