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Revenues are at the core of a firms ability to grow and prosper; thus, they...

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Accounting

Revenues are at the core of a firms ability to grow and prosper; thus, they are central to the analysis of a firms profitability. Although the time-of-sale is the most common technique employed to recognize revenues, in some instances, a strong argument can be made for recognizing revenue using other methods.

In a comprehensive presentation of the various revenue recognition methods, please discuss different circumstances where methods might be used and the rationale behind your answer.

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