Accounting choices made by management are affected by three factors: facts, objectives and constraints.Explain briefly what order management considers these three factors and how an accounting choice problem, such as when to recognize revenue, would be made using them.

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The Answer of Accounting choices made by management are affected by three factors: facts, objectives and constraints.Explain briefly what order management considers these three factors and how an accounting choice problem, such as when to recognize revenue, would be made using them.

Accounting Choices Made by Management Are Affected by Three Factors