Recognized at the time of sale

Assignment Help Humanities

Reference no: EM13320423

Revenue should be recognized at the time of sale if goods were purchased with a credit card payment the buyer has sixty days to return the goods and the amount of future returns cannot be estimated the selling price is substantially less than the normal selling price none of the above.

Reference no: EM13320423

Questions Cloud

The united states to become in involved militarily : The United States to become in involved militarily?

Popular music culture have become : The fact that MTV, the cable channel devoted primarily to music, provided extensive coverage of the 1992 presidential race demonstrates how ------- politics and popular music culture have become.

Discuss barriers to e-health delivery to specific stakholder : Discuss barriers to e-Health delivery to three specific stakeholders in the delivery paradigm. Mention what could be done to overcome those barriers. Support your ideas.

The sun in directly overhead at the equator : At the equinoxes, the sun in directly overhead at the equator (0 degrees latitude) at noon (the sun is 90 degrees above the horizon). Your current location is located near the 42 degrees North Latitude. How high (angle) is the noon sun above the sout..

Recognized at the time of sale : Revenue should be recognized at the time of sale if goods were purchased with a credit card payment the buyer has sixty days to return the goods and the amount of future returns cannot be estimated the selling price is substantially less than the ..

Intriguing ride is laced with the economic challenges : Cycling through Pittsburgh, Pennsylvania, to look at its industrial heritage is an event open to the public. This intriguing ride is laced with the economic challenges that steel mills in Pittsburgh and other areas in the United States have faced res..

Objectives of operations management : What advantages and disadvantages result from the organization stressing some objectives over others and - objectives of operations management

Ending balance of accounts receivable : In its first month in business, Jones, Inc. sold merchandise to customers on account for $119,800. It collected $72,000 on those sales during the first month and recorded Revenue for the period of $119,800.

Prepare a forecasted contribution margin income statement : Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed. Assume that the unit sales price and the number of units sold (20,900 units) will not change, and no income taxes will b..

User Account

All Pages