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QUESTION
On December 31, 2014, Track Record Inc.'s sales people have firm outstanding orders totaling $1.66 million, which, it has guaranteed its customers,...
On December 31, 2014, Track Record Inc.'s sales people have firm outstanding orders totaling $1.66 million, which, it has guaranteed its customers, will be fulfilled during the month of January 2015.
If Track Record includes the $1.66 million in its sales figures for 2014, it will be violating the _______ concept.
- materiality
- historical cost
- dual-aspect
- realization
