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Following the expense recognition principle,recognizing expenses along with the related revenues means to:
Licensed Professional
An individual who has been officially authorized to perform certain specialized services or activities due to meeting specific governmental or professional standards.
Unlicensed Agent
An individual acting in a role that requires licensure, such as real estate or insurance, without possessing the necessary legal authorization.
Professional Acts
Actions or conduct that are considered appropriate, ethical, and in accordance with the standards of a profession.
Realtor
A real estate professional who is a member of the National Association of Realtors and adheres to its code of ethics.
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