The process of reporting an economic event in the financial statements is known as ________.
A) recording
B) writing
C) recognition
D) transcribing

Name: The process of reporting an economic event in the financial statements is known as ________. A) recording B) writing C) recognition D) transcribing
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Question

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Recognition is the process of reporting an economic event in the financial statements, ensuring that it is included in the financial records and statements.

The Process of Reporting an Economic Event in the Financial