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Which item would appear as an addition in columns

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Reference no: EM132986749

Problem 1: Which is NOT included in the five-step process of revenue recognition?

Select one:
a. Allocate price to performance obligation
b. Identify performance obligation
c. Recognize revenue when performance obligation is probable
d. Identify contract with customer

Problem 2: In a four-column December proof of cash reconciling Bank to Book, which 12/31 item would appear as an addition in columns two and four?

Select one:
a. December collection by bank
b. December deposit in transit
c. December service charge
d. December outstanding check

Reference no: EM132986749

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