Answer
(a) Norfolk Southern Corporation- Revenue recognition
Work Step by Step
Norfolk Southern Corp is flowing the revenue recognition principle, which calls for recording revenue when earned rather than when received.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 70: BE2-8a
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