User Account

All Pages

What year will the balance of construction in progress

Assignment Help Financial Accounting
Reference no: EM132812863

Problem 1: In what year will the balance of construction in progress under percentage of completion method be certainly equal to the balance of construction in progress under cost recovery method?

A. In the year when the entity recognizes realized gross loss under percentage of completion method.
B. In the year when the entity recognizes realized gross loss under cost recovery method.
C. In the year when the entity recognizes realized gross profit under percentage of completion method
D. In the year when the entity recognizes realized loss profit under cost recovery method.

Problem 2: Under PFRS 15, when shall a consignor recognize revenue from consignment sales?

A. When the consigner delivers the consigned goods to the consignee.
B. When the consignor and consignee enter into a contract.
C. When the consignee actually remits to the consignor the net proceeds from the sale of consigned goods to third persons.
D. When the consignee sells and delivers the consigned goods to third persons.

Reference no: EM132812863

Questions Cloud

What is the proper classification in the financial statement : What is the proper classification in the financial statement of deferred gross we account resulting from the application of installment method of revenue
How analytics used in information security risk management : Select one or more of the following topics: How Analytics is used in Information Security Risk Management? Information Security Risk Management in the IT Data.
Calculate the mi money multiplier for december : 1) Use the following links to answer the following questions. All data are in billion $.
Important on information technology projects : Why do you think good project scope management is so important on information technology projects?
What year will the balance of construction in progress : What year will the balance of construction in progress under percentage of completion method be certainly equal to the balance of construction in progress
Determine number of orders to be placed in year based on eoq : Current annual total inventory costs are RM189,000, being the total of the purchasing, Determine number of orders to be placed in a year based on EOQ
How the threat was discovered : Prepare a report to address all aspects of the assignment. This report should be no less than 10 pages of content. You need to include outside sources.
What is the recognized gain and the basis of new building : Find What is the recognized gain and the basis of the new building if § 1033 (nonrecognition of gain from an involuntary conversion) is elected?
Introducing the innovation project to the market : Develop a deployment strategy and schedule for introducing the innovation project to the market.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the depreciation charge each year

If the sewing machine is sold after 4 years for $20,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%?

  Determine the account receivable

account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period.

  Prepare appropriate journal entries for years ending

Prepare a lease amortization schedule for the entire lease period for the firm. (Round upyour figures to whole numbers).

  What amount should forest report as loss from obsolescence

What amount should Forest report as loss from obsolescence during 2020, assuming amortization is recorded at the end of each year?

  Give learning and growth objectives

Give learning and growth objectives, measures, targets, initiative of trillium health partner? Give internal proccess objectives, measures, targets

  What should be the size of the loan payments at the end

What should be the size of the loan payments at the end of every month if interest of 9.00% compounded monthly is charged?

  What depreciation charges can it claim on the asset

Bernstein Tractor Company has just invested in new equipment costing $12,000. What depreciation charges can it claim on the asset

  How much can you withdraw each year during retirement

If you plan as if you will live forever and you wish to maintain constant annual purchasing power during retirement, how much can you withdraw each year during

  What are the three main categories in the traditional market

What are the three main categories in the traditional market efficiency classification? Explain in detail. Give an example of what each excludes.

  Matching principle integral to the healthcare industry

Why are the revenue recognition principle and the matching principle integral to the healthcare industry?

  Calculate the equity income that ace corporation reports

Calculate the equity income that Ace Corporation reports in 2014 related to its ownership in Spear Corporation.

  Appropriation allows using funds for accounting services

Are the following allowable expenses(please list Yes or No cleary - such as, 6), "Yes, this is allowable, because___)? Why or why not? An agency decides to award a vendor $1,000,000 to perform accounting services on a one-year appropriation. The appr..

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