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Several studies have shown promising links between green tea consumption and cancer prevention.How will this affect the market for green tea?
Unrecorded Revenue
Earnings from completed transactions or delivered goods/services that have not yet been documented in the financial accounts.
GAAP
Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.
Cash Basis
An accounting method where revenues and expenses are recorded only when cash is received or paid, irrespective of when the transactions actually occurred.
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