If the Same Amount of Bilateral Transfer Occurs from One

question 20

Short Answer

If the same amount of bilateral transfer occurs from one limb to the other limb,then it is called ________ bilateral transfer.

---

Definitions:

Net Income

A company's total earnings or profit, calculated as revenue minus expenses, taxes, and costs.

FOB Destination

A shipping term indicating that the seller is responsible for the goods until they are delivered to the buyer's specified location, whereupon title and risk of loss pass to the buyer.

Revenue Recognition

The accounting principle dictating the specific conditions under which revenue is recognized or recorded.