Stringent Rules Do Not Exist for Determining When Revenue Has

question 16

True/False

Stringent rules do not exist for determining when revenue has been earned and is realizable thus leaving some flexibility for management to "manage earnings" within the confines of generally accepted accounting principles.

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Definitions:

Digital Graphic

A visual image or design created or enhanced through digital technology and displayed electronically.

3-D Illustration

A graphical representation that gives objects a three-dimensional appearance for more realistic visualization.

Audio File Type

A format in which audio data is stored on a computer, such as MP3, WAV, or AAC, differing in sound quality and file size.

WMA

Windows Media Audio, a proprietary audio format developed by Microsoft.