What are the revenue recognition criteria


Response to the following questions:

1. What are the components of cash? What items may be confused with cash, but normally are categorized under other balance sheet captions? What are "cash equivalents"?

2. What is internal control?

3. What are the two revenue recognition criteria and how do they relate to receivables in some industries?

If possible, please give examples to better understand your response.

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Accounting Standards: What are the revenue recognition criteria
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