# I need different answer 4. (2 pts) How does an accountant determine if a transaction is...

###### Question:

4. (2 pts) How does an accountant determine if a transaction is material and should be recorded? TF the event effect Financial Pesformre 5. (3 pts) Explain the concept of Recognition. What are the two tests to determine if transaction can be recognized? To Formaliy reerd time the n cLanntine recerds duro t Perisd te Vevenue campanc e arn must 1 2 e realized Yevenue ust be haalisable 6. (2 pts) Give an specific example of an implicit transaction. Ericad enh +ime Prepsid

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