104.Which of the following is the accounting principle that governs the timing of revenue recognition?
105.Which of the following accounting principles is concerned with offsetting revenue with the expenses incurred in producing that revenue?
106.Dolphin Co. received $1,500 in fees during 2014, 1/3 of which will be earned in 2015, therest was earned when the amount was received. The company should report which of the following amounts as income in 2014? A. $1,500.B. $500.C. $1,000.D. $0.