User Account

All Pages

Explain the adjustments for unearned revenue

Assignment Help Accounting Basics
Reference no: EM132627853

Question 1. Explain the adjustments for "Unearned revenue" and "Recognition of unearned revenue from prior periods" included in the operating section of the statement of cash flows. Specifically, why is "Unearned revenue" added to net income to derive cash from operations while "Recognition of unearned revenue from prior periods" is subtracted? Show that these amounts reconcile the activity in the Unearned Revenue account from its balance at the end of fiscal 1996 to the end of fiscal 1999.

Reference no: EM132627853

Questions Cloud

What are the differences between licensing and franchising : What are the differences between licensing and franchising? Please explain in detail and give 2 real life examples for each.
Describe what each term of the equation represents : Regression: Using the same data given in the previous discussion, the regression line is plotted below. The regression equation is y'= -301.27+6.96X.
Describing the motivational methods : Within your organization, the leadership team has decided that your department must be downsized, and it is up to each manager to begin preparing his or her tea
How strong or weak was the correlation : For this discussion, analyze the graph below which represents the correlation between weight (vertical axis; weight in pounds) and height.
Explain the adjustments for unearned revenue : Explain the adjustments for "Unearned revenue" and "Recognition of unearned revenue from prior periods" included in the operating section
Pre-interaction phase of the b2b direct selling process : Why was the Sales Manager, Grant Cardone, successful, when his sales report was not?
What did you learn about repeated measures : Review Chapter 7 of your course text, which reviews inferential statistics that analyze experiments of repeated measures designs.
Explain effective process of apply fundamental qualitative : Explain the most efficient and effective process of applying the fundamental qualitative characteristics. Describe in detail with an example.
What suggestions would you make for change or improvement : A researcher wishes to study the effect of a new drug on blood pressure. Would you recommend using a z-test, a t-test, or an A.N.O.V.A. for the analysis?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a balance sheet after the completion of transactions

It was decided to issue a further 3,000 Ordinary Shares at a premium of 10/- per share for cash and to redeem at par the Redeemable.

  Question - Determining Cost of Goods Sold

For a recent year, TechMart reported sales of $50,743 million. Its gross profit was $12,686 million. What was the amount of TechMart's cost of goods sold

  Realize cash from the ending inventory

Estimate how long it will take to realize cash from the ending inventory.

  What is the wacc for the last dollar

What is the WACC for the last dollar raised to complete the expansion?

  Prepare analysis showing whether product c should eliminated

Tarmac Co., Inc., has prepared the following product-line income data. Prepare an analysis showing whether Product C should be eliminated.

  The fixed cost per week of running the stand

Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand is $50.00. Her best guess is that she can sell 300 cups per week at $0.50 per cup. The variable cost of producing a cup of lemonade is $0.20.

  Healthcare financial management

Healthcare Financial Management

  Compute the Direct materials price variances for July

Compute the following variances for July: a. Direct materials price and quantity variances. b. Direct labor rate and efficiency variances

  How much is the direct labor cost standard

Wood Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood.

  Describe an example of an internal control over cash

What report is created to reconcile the general ledger cash balance to the bank statement? Describe an example of an internal control over cash

  What amount of net cash flow from investing activities

What amount of net cash flow from investing activities would Talladega report on the 2014 statement of cash flows?

  Record the given transactions of a company

Record the following transactions of a company in general journal form: Reacquired 8,000 of its own $10 par value common stock at $40 cash per share

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