Implication of the revenue recognition accounting policy

Assignment Help Financial Accounting
Reference no: EM13863613

What is the implication of the revenue recognition accounting policy on trade debtors and disbursements and work in progress account balance?

Reference no: EM13863613

Questions Cloud

Tax status using check-the-box regulations : Once a business has elected its tax status using check-the-box regulations, what options are available if it needs to change its tax status? What should a business consider before electing to change its tax status?
What business entities are available for new business : What business entities are available for a new business? What are the tax and nontax advantages of each form? Select two business types and provide an example of when that selection is most appropriate from a tax perspective and from a nontax perspec..
Tax court regular decisions-tax court memo decisions : Do the following decisions have the same precedential value: (1) Tax Court regular decisions, (2) Tax Court memo decisions (3) decisions under the small cases procedure of the Tax Court? Why?
Discuss how the ethical dilemma mark faces : Mark Hobson, a CGA and CIA, is an internal auditor employed by Comstock Industries. He is just completing an audit of the Avil Division conducted during the first five weeks of the year. Discuss how the ethical dilemma Mark faces might have been avoi..
Implication of the revenue recognition accounting policy : What is the implication of the revenue recognition accounting policy on trade debtors and disbursements and work in progress account balance?
Supply chain-value chain and integrated value chain : Differentiate between three key concepts: supply chain, value chain, and integrated value chain.
Important to collect on receivables in a timely manner : How does Net Income/Profit defer from the cash balance of a business? Why is it important to collect on receivables in a timely manner?
Inventory accounting method under gaap : What would be the reason why LIFO is no longer allowed as an inventory accounting method under GAAP? What items  to consider when picking out an inventory accounting system?
What is the cost of goods sold : What is the Cost of Goods Sold? What financial statement does it show up on? How does it relate to the “Matching Principle” in accounting?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the future value and present value

What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? What is the present value of $7,000 due 8 periods hence, discounted at 11%?

  Question 1 before considering any of the subsequent jacks

question 1. before considering any of the subsequent jacks agi was 80000. as an employee jack incurred the subsequent

  Bridget pledged shares of publicly traded stock

Five years ago Bridget decided to purchase a limited partnership interest in a fast-food restaurant conveniently located near the campus of Southeast State University. Bridget pledged shares of publicly traded stock. The restaurant did a good busines..

  Calculate return on total assets

A company had net income of $450,000 in 2009 and $620,000 in 2010. The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010. Calculate the return on total assets for 2009 and 2010. Comment on the results.

  The srly rules for consolidated tax returns

The SRLY rules for consolidated tax returns are designed to keep corporations from trafficking their net operating losses. Explain.

  Relationship with respect to reliability of audit evidence

Which of the following statements describes an appropriate relationship with respect to the reliability of audit evidence?

  Questioncompanies must distinguish gains as well as losses

questioncompanies must distinguish gains as well as losses that are part of continuing operations from those that fit

  Premium theory of the term structure of interest rates holds

Suppose we observe the following rates: 1R1= .10, 1R2= .16, and E (2r1) = .10. If the liquidity premium theory of the term structure of interest rates holds, what is the liquidity premium for year 2?

  What amount will arizona report for accounts receivable

What amount will Arizona report for accounts receivable and show computations and what is the balance for the allowance for doubtful accounts at the end of 2010?

  Prepare a statement of net assets

Prepare a Statement of Changes in Net Assets for the Employees Retirement Fund for the Year Ended June 30, 2012 and prepare a Statement of Net Assets for the Employees' Retirement Fund as of June 30, 2012.

  Interest expense for the first semiannual interest period

A company issued 5-year, 6% bonds with a par value of $97,000. The company received $94,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is

  Computation of cash balance at the end using given datause

computation of cash balance at the end using given data.use the following information to calculate the change in the

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd