Examlex
Under accrual accounting,fees received in advance from customers should be shown as being earned:
Held For Sale
A designation for assets or groups of assets and liabilities that a company intends to sell within one year from the date of classification.
Fair Value
An estimate of the market value of an asset or liability, based on current prices in an active market or derived from a model if no direct market price is available.
Control Criterion
A principle or standard used to determine whether one entity has the power to direct the financial and operating policies of another to gain economic benefits.
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