Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Revenue Recognition based on accrual basis.
Please provide explanation as to how you derived to your answers
Suppose you start up your own photography business to shoot videos at 9 college parties. The freshman class pays you $100 in advance just to guarantee your services for its parry. The sophomore class promises you a minimum of $250 for filming its formal, and you end up collecting cash of S400 for this party. Answer the following questions about the correct way to account for your revenue under the accrual basis.
a. When did you earn your revenue for both parties? What caused you to earn the revenue? Did you earn the revenue at the moment you received cash?
b. In addition to cash, what type of account was created when you received $100 from the freshman class? Name the new account.
Evaluate the marginal cost per chair to XY of accepting the chair order from ABC? and What assumptions were made in calculating the marginal cost?
Prepare a Statement of Cash Flows in good form using the above information and the indirect method. Prepare the Net Cash Provided by Operating Activities section, using the above information, using the direct method.
The inventory methods that result in the most current costs in the income statement and balance sheet and In a period of rising prices, the inventory method that results in the lowest income tax payment
Calculation of direct material price variance and The company purchased 3,000 yards of material in March for $21,000. The company used 2,800 yards in March in order to make 7,700 dresses. The direct materials price variance is?
Journal entries for Company purchased a special-purpose duplicating machine by issuing a five-year zero-interest bearing note.
The beta of SDA Corp. common stock is 1.25. Within the context of the capital asset pricing model - find the expected return on the market portfolio
Evaluate the amount of prepaid insurance that should be reported on the 31 st of August balance sheet with respect to this policy.
Describe how it is different to statutory income and exempt income and determining whether a fringe benefit
Write a paragraph that explains the difference between a stock dividend and a stock split - Explanation about the main differences between a stock dividend and a stock split.
Prepare a schedule for each month showing budgeted cash disbursements for the Tilson Company and a schedule for each month showing budgeted cash receipts for Tilson Company
Check one or more control procedures (either general or application controls or both) that would guard against the error.
Make all related journal entries in journal form for this purchases and the related payment.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd