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Revenue should be recognized,even when collectibility is not reasonably assured.
Assets
Assets represent resources owned or controlled by a business or individual that are expected to produce economic value or benefit in the future.
Total Assets Turnover Ratio
A measure of a firm's efficiency in using its assets to generate sales, calculated by dividing sales by total assets.
Sales
Sales encompass the transactions where goods or services are exchanged for money, representing the revenue generated by a business.
Total Assets
Total assets represent the sum of all assets owned by a company, including both current and non-current assets.
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