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Revenue Recognition or Realisation
The resources of business are utilized to earn revenue through sale of goods or rendering of services.The American Accounting Association described revenue as "the monetary expression of the aggregate of products or services transferred through an enterprise to its customers during a period of time" and according to Robert N Anthony "revenue is being considered as earned the date at that it is realized that is the date while goods or services are furnished to the customers in exchange for cash or for other valuable consideration.
Therefore the revenue is considered realized while the sales process is complete and transfer of title or ownership takes place. Therefore it is not essential that cash inflow should take place.
Calculate expected dividends
Suppose that the Fed buys $1 million of bonds from the First National Bank. If the First National Bank and all other banks use the resulting increase in reserves to purchases bonds
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QTL Tech has an issue of preferred shares outstanding with a $50 stated value that pays a dividend of 7.5%. There are 325,000 shares outstanding. QTL has not paid preferred share d
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Brown has been in business for some years and has kept her drawings slightly below the level of profits each year. You are her accountant, and she has passed you the following list
The stocks of Microsoft and Apple have a correlation coefficient of 0.6. The variance of Microsoft stock is 0.4 and the variance of Apple stock is 0.3. What is the covariance bet
Explain the implications of the deviations from the purchasing power parity for countries’ competitive positions in the world market. Answer: If exchange rate changes satisfy pu
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