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Essay text:
The recommendations are to be based on discussions on issues such as, revenue recognition methods, expense recognition methods, expensing of stock options and justifications for each of the recommendations. We have studied our task, done research to gather relevant information on the business that we are focusing on. And, as a result, we are hereby presenting our recommendations and justifications for each choice.
Revenue Recognition Method
Within Generally Accepted Accounting Principles (GAAP), there are multiple ways to recognize revenue. Depending upon which method is chosen, the financial statements may look drastically different even though economic reality is the same...
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