Deferring a revenue or expense account in accounting means

Assignment Help Finance Basics
Reference no: EM131003388

Deferring a revenue or expense account in accounting means that the amount:

A. will not be reported in the accounting records

B. will be reported as a revenue or an expense in a later period

C. will be reported as a revenue or an expense in the current period

D. was reported as a revenue or an expense in a prior period 

Reference no: EM131003388

Questions Cloud

Treasury security is paying an interest rate : A US Treasury Security is paying an interest rate of 1.18 percent for a 1 year zero coupon bond. The country of Benin is also giving a 1 year zero coupon bond. There is a probability of 0.05 that Benin will default and pay you back nothing (r=-1). Ot..
What is free trade and trade theory for business : What is free trade? What are its benefits? Identify and briefly discuss the three important implications of trade theory for business.
Define and explain the importance of the critical path : Construct an AON network diagram - determine the different paths and highlight the critical path and define and explain the importance of the critical path.
Illegal to engage in price gouging : In many states, including Florida, it is illegal to engage in price gouging. Florida’s law penalizes a seller for any “gross disparity between the quoted price of a ‘necessity item’ such as water, and the item’s price on the date that the governor de..
Deferring a revenue or expense account in accounting means : Deferring a revenue or expense account in accounting means that the amount:
Demand increases-bars and restaurants face : Recall the Application. During "happy hour," many bars and restaurants face an increase in demand for food and drink, and these establishments often cut prices during these times of increased demand. When this demand increases, the bars and restauran..
How membership in a group can influence social judgment : Analyze how the portrayal of ethnic, cultural, or social groups by the media can influence social perception of those groups and perpetuate stereotypes. Provide specific examples of how a group has been portrayed in the media. Explain how membersh..
How a psychology professional can use the research : Explain how a psychology professional can use the research on attachment styles and types of love to help people prepare for success in couple relationships
Monopolistically competitive markets : Monopolistically competitive markets are different from perfectly competitive markets because in monopolistically competitive markets firms:

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

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