According GAAP revernue is recognized as income when().
A. a contract is signed to perform a service or deliver a good
B. the transaction is complete and the goods or services delivered
C. payment is received
D. income taxes are paid
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Which of the following is not a noncash deduction?()
A. depreciation
B. deferred taxes
C. interest
D. all of the above
()equals the gross profit divided by net sales of a firm.
A. gross profir margin
B. net profit margin
C. return on investment
D. return on equity
Interest paid on both the original principal borrowed and previous interest earned is often referred to as ()
A. present value
B. simple interest
C. future value
D. compound interest
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