User Account

All Pages

What should get fit now record in balance sheet

Assignment Help Financial Accounting
Reference no: EM132671974

Problem 1: Get Fit Now gets a new client who prepays $540 for a package of six physical training sessions. Get Fit Now collects the $540 in advance and will provide the training later. After four training sessions, what should Get Fit Now record in its Balance Sheet?

Select one:

a. Revenue in Advance $360
b. Revenue in Advance $540
c. Unearned Service Revenue $90
d. Unearned Service Revenue $180
e. None of the above

Reference no: EM132671974

Questions Cloud

How much will be charged for depreciation expense for year : A machine purchased for $100,000. It is to be depreciated on a reducing-balance,How much will charged for depreciation expense for year 2 of the machine's life?
Reinforcement by the removal of an aversive stimulus : Give an example of the use of reinforcement by the removal of an aversive stimulus. Specify the aversive stimulus and the escape behavior
What are some examples of psychological test : What are some examples of psychological test that are both ratio scale and criterion-reference?
Definitions of object serialization and deserialization : Create a JSON object with five elements. Explain the definitions of object serialization and deserialization.
What should get fit now record in balance sheet : Get Fit Now collects the $540 in advance and will provide the training later. After four training sessions, what should Get Fit Now record in its Balance Sheet?
What are susan major obstacles : What are Susan's major obstacles? Are these challenges typical of those faced by individuals with autism? Explain.
Find the beta for an asset with a required return : Find the beta for an asset with a required return of 15% when the risk-free rate and market return are 3% and 15%, respectively
What role you think the hr department at cm tech can have : In our Week 2 reading we learned several reasons that performance management is receiving such focus now. We also read about Human Resources and their role in.
Which should be recorded as a revenue or expense : Temple Manufacturing uses accrual accounting. Which should be recorded as a revenue or expense for the month of February?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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