The revenue recognition principle The revenue recognition principle refers to the revenue that should be recognized in the time period, when the performance obligation (sales or services) of the company is completed. To identify: The amount of revenue that Company A should recognize from sale during 2017 from the given options.

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Chapter 5, Problem 1CPA

To determine

The revenue recognition principle

The revenue recognition principle refers to the revenue that should be recognized in the time period, when the performance obligation (sales or services) of the company is completed.

To identify: The amount of revenue that Company A should recognize from sale during 2017 from the given options.

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