What types of industries have unearned revenue

Assignment Help Accounting Basics
Reference no: EM13123566

What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

Reference no: EM13123566

Questions Cloud

Compare and contrast proprietary fund reporting : Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the dir..
Find the range of optimality for cx : Find the range of optimality for Cx, You are given a linear programming problem that has already been solved. The following conditions hold
Find probability of getting at least boys among babies : Find the probability of getting at least 127 boys among 152 babies. Does the result suggest that the YSORT method is effective? Why or why not?
Joining nodes and ancestors : Let G be an undirected graph, and let T be the spanning tree genereted by a depth-first search of G. Prove that an edge of G that has no corresponding edge in T cannot join nodes in differect branches of the tree
What types of industries have unearned revenue : What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?
Weird marriages : make a powerpoint about weird marriages.
Balance in the paid-in capital : On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Compute the average cost per serving : Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and determine the monthly volume at which the average cost per serving is $1.00.
Graphing and maximizing profit : Graph the function and label the x and y-intercepts on a scale where y-axis ranges from -100 to 900 and x-axis ranges from 0 to 55. What is the maximum profit earned by the company in a week?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describing taxation

What type of tax rate structure does the U.S. tax system apply? What are the individual tax forms, and what factors are used to determine which one to use?

  Prepare an income statement and compute earnings per share

A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?

  Purchasing merchandise on account

When purchasing merchandise on account for say $88,000, but you pay $67,000 cash on the $88,000 due. Your sales are $145,000, and the ending inventory is $24,000 what would the gross profit be?

  Partnerships and consolidations

What are the issues related to goodwill valuation when comparing partnerships formation with companies consolidations?

  Explain the effect the stock dividend

Effect of Stock Dividend Travanti Company has a history of paying cash dividends on its common stock. Although the firm has been profitable this year, the board of directors is planning construction of a second manufacturing plant.

  Budgeted cost of merchandise

Gross margin is typically 40% of sales. Determine the budgeted cost of merchandise purchases for July.

  Incremental unlevered net income

Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)

  What happens to contribution margin per unit

Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..

  Who is also the owner of a real estate development firm

Tammy Potter, a new partner with the regional CPA firm of Tower & Tower, was recently appointed to the board of directors of a local civic organization. The chairman of the board of the civic organization is Lewis Edmond, who is also the owner of ..

  Health maintenance organization

What would the PMPM cost of the HMO be? What would have to be charged to the patient/employer if the HMO had administrative costs equaling 10 percent of its costs and it wanted a profit margin of 7 percent?

  Determining accounting systems

What is XBRL? How will it effect financial reporting? Please Explain. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain.

  Investments in internetworking solutions

Cisco Systems, Inc., is the world's leading supplier of internetworking solutions targeted at corporate enterprise intranets and the internet. Using the instructions below, access Ciscos 2011 Annual Report.

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