Examlex
A runner generates 1260 W of thermal energy. If this heat has to be removed only by evaporation, how much water does this runner lose in 15 minutes of running? The latent heat of vaporization of water is 22.6 × 105 J/kg.
Recognition Criteria
The conditions that must be met for a particular item to be included on the financial statements, ensuring transactions are recorded in the correct accounting period.
FASB
The Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards in the United States.
Recognition Criteria
The conditions that must be met for a particular item to be recognized in the financial statements, according to accounting standards.
Revenue Recognition
The accounting principle that dictates the specific conditions under which income becomes recognized as revenue in the financial statements.
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