Question

discuss emerging trends in the use of Internet currency such as bitcoin and how this has or may lead to fraudulent activities. As part of this state how you think this currency may impact GAAP especially as related to revenue recognition rules. DO NOT COPY THE ANSWER FROM THE OTHER QUESTIONS OR ARTICLES! i have done research and I want an EXPERTS answer, not something I can find with google!

Answer 1

Ans:

Computerized cash: - innovation that enables individuals or foundations to exchange reserves in a split second, safely and without a mediator. Digital money can potentially expand international commerce.

From programmable money to new forms of e-commerce, here are five ways the new technology will change the world:

1. Quicker, less expensive bank exchanges

2. Safe money for the poor

3. A boost to global remittances

4. Unleashing the potential of e-commerce

5. Programmable cash and shrewd contracts

Income acknowledgment is a proper accounting rule (GAAP) that decides the particular conditions in which income is perceived or represented. By and large, income is perceived just when a basic occasion has happened, and the measure of income is measurable.14

Ans:

Computerized cash: - innovation that enables individuals or foundations to exchange reserves in a split second, safely and without a mediator. Digital money can potentially expand international commerce.

From programmable money to new forms of e-commerce, here are five ways the new technology will change the world:

1. Quicker, less expensive bank exchanges

2. Safe money for the poor

3. A boost to global remittances

4. Unleashing the potential of e-commerce

5. Programmable cash and shrewd contracts

Income acknowledgment is a proper accounting rule (GAAP) that decides the particular conditions in which income is perceived or represented. By and large, income is perceived just when a basic occasion has happened, and the measure of income is measurable.14

Ans:

Computerized cash: - innovation that enables individuals or foundations to exchange reserves in a split second, safely and without a mediator. Digital money can potentially expand international commerce.

From programmable money to new forms of e-commerce, here are five ways the new technology will change the world:

1. Quicker, less expensive bank exchanges

2. Safe money for the poor

3. A boost to global remittances

4. Unleashing the potential of e-commerce

5. Programmable cash and shrewd contracts

Income acknowledgment is a proper accounting rule (GAAP) that decides the particular conditions in which income is perceived or represented. By and large, income is perceived just when a basic occasion has happened, and the measure of income is measurable.14