User Account

All Pages

Can the payment be more than the invoice to recognize a sale

Assignment Help Accounting Basics
Reference no: EM132497191

Question - Exchange price principle of accounting. ABC Company sells car seats to third party overseas. They receive an order and payment up front. The payment must equal or exceed the invoice amount. Can the payment be more than the invoice to recognize a sale?

Reference no: EM132497191

Questions Cloud

Create journal entry necessary to account for mjr investment : Create the journal entries necessary to account for the MJR investment, assuming that CMC has significant influence over the operating
Bioinformatics modelling molecular : BIOINFORMATICS MODELLING MOLECULAR - THE PROGRAMMER - USE ARE UNIPRO,NBCI,SWISS-MODEL AND I-TASSER - Official names of ATF1 protein and it's corresponding gene
Compute December cash : In 2017, Cullumber Corporation had net cash provided by operating activities of $486,000, Compute December 31, 2017, cash
Is ethical for a company to have a secret system explain : Is it ethical for a company to have a secret system like the one described? Explain. Hannah Company maintains two separate accounts payable computer systems.
Can the payment be more than the invoice to recognize a sale : Exchange price principle of accounting. ABC Company sells car seats to third party overseas. Can the payment be more than the invoice to recognize a sale
Construct a reconciliation from pretax financial income : Micah has an enacted tax rate of 30% for all years. Construct a reconciliation from pretax financial income to taxable income for the year ended December
Prepare the journal entries for Cheyenne on December : On March 1, 2017, Cheyenne Company sold goods to Goosen Inc. for $648,000. Prepare the journal entries for Cheyenne on December
Compute the claim against the insurance company : Compute the claim against the insurance company. calculate a claim for insurance as a result of a theft that took place the night before
Prepare journal entry on july record first month of revenue : Assuming total sales do not reach the target, prepare the journal entry, if any, on October 31 to record failure to receive the $20,000 bonus

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