How does income measurement differ between a manufacturing business and a chain of retail stores?© BrainMass Inc. brainmass.com March 4, 2021, 5:48 pm ad1c9bdddf
*The realization principle requires that all of three conditions are satisfied before income is realized:
(a) Seller and buyer have agreed on exchange
(b) Goods or ...
The difference between income management between a manufacturing business and a chain of retail stores is discussed in detail.