Examlex
The accounting principle that requires revenue to be reported when earned is the:
Bonds Payable
A financial accounting term used to describe the amounts due to be paid by an issuer to the bondholders at the bond's maturity date.
Common Stock
A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits through dividends.
Net Income
Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue, indicating the company's profitability.
Bonds Payable
Bonds payable are long-term debts issued by corporations or governments, where the issuer promises to pay the bondholder a specific sum of money at future dates.
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