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What would be the optimal conditions to effect the following synthesis?
Assets
Assets that a business possesses or controls, anticipated to yield future economic advantages.
Liabilities
Financial obligations or debts that a company owes to others, arising during the course of its operations.
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Products or activities provided by a business to customers in exchange for payment.
Revenue Recognition Principle
Revenues are recognized when the company transfers promised goods or service to customers in the amount it expects to receive.
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