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Approximately how many times does an average human heart beat in a year?
Revenue Recognition
A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.
Economic Substance
The underlying economic or commercial purpose of a transaction, which must exist for it to be recognized for tax or accounting purposes.
Legal Form
Refers to the legal structure or type of business entity, such as corporation, partnership, sole proprietorship, etc., which determines legal liabilities and taxation methods.
Revenue
The total amount of money received by a company for goods sold or services provided during a specific time period.
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