User Account

All Pages

At what date company should recognize contribution expense

Assignment Help Accounting Basics
Reference no: EM133171171

Question - For instance, there is a company that manufactures luxury lamps. On June 11, 2021, the management decided to make a charity event to raise some funds for the cancer center by doing something similar to a lottery. The company's contribution is 100 lamps. Any person could buy a scratchy and only 1 scratchy had 100 luxury lamps as a pize. The event took place on July 23rd, 2021. The person who had a winning scratchy received the price on August 1st, 2021. When (At what date) the company should recognize a contribution expense?

Reference no: EM133171171

Questions Cloud

Explain the physical characteristics featured : Identify a skin condition and use clinical terminologies to explain the physical characteristics featured.
What is the probability that a household in maryland : According to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website).
Introduction to poetry : How would you describe the tone of the poem, and how is the tone established for you - through word choices and structure
Derive cash flow statement that includes operating cash flow : Derive a cash flow statement that includes operating, investing, and financing cash flows from the other two statements
At what date company should recognize contribution expense : For instance, there is a company that manufactures luxury lamps. When (At what date) the company should recognize a contribution expense
Artist attempt to convey emotion or feeling : How is the artist using shape, color, line, or texture? Or, how is the piece balanced? How does the artist attempt to convey emotion or feeling?
How did the consolidation adjustments affect profit or loss : By 30 June 2012, 75% of the inventory was sold to an entity outside of the group. How did the consolidation adjustments affect profit or loss for the year ended
Challenging aspects of working in a diverse environment : The workplace has evolved throughout the years. Today, organizations must adhere to several laws and regulations while maintaining a positive, safe, and diverse
Encryption ciphers used to protect network communications : What are three common encryption ciphers used to protect network communications and what are the capabilities that they offer?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd