Question

A company must disclose the revenue recognition rule they follow ______ in the footnote called Summary of Significant Accounting Policies at the bottom of the balance sheet at the bottom of the income statement nowhere since all companies record revenue in the same manner

Answer 1

Beginning

Step-by-step explanation:

A company's revenue recognition rule is a statement that each company must disclose to reveal to accountants, how the company arrived to its financial statement figures. Whenever a company decides to disclose information such as a Summary of Significant Accounting Policies, these policies are declared in a separate footnote and it is generally located at the beginning of that financial footnote.