Which posting references indicate

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Reference no: EM132739360

Problem 1: Posting references indicate

a. The sources of the postings

b. The destinations of the postings

c. Both the sources and destinations of the postings

d. None of the above

Problem 2: Under what condition is it proper to recognize revenue prior to the sale of the merchandise?

a. When the concept of internal consistency is complied with

b. When the revenue is to be reported as an installment sale

c. When the ultimate sale of the goods is at an assured price

d. When management has a long-established policy to do so

Reference no: EM132739360

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