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!
CondNast is a publisher of magazines. Its accounting policy for subscriptions follows:
Revenues
Sales of our magazine subscriptions are deferred (as unearned revenue) and recognized as revenues proportionately over the subscription period.
Assume that CondNast (a) collected $ 420 million in 2015 for magazines that will be delivered later in 2015 and 2016, and (b) delivered $ 204 million worth of magazines on these subscriptions in 2015.
Required:
1. Using the information given, indicate the accounts, amounts, and accounting equation effects (1 for increase, 2 for decrease, and NE for no effect) of transactions (a) and (b).
2. Using the information given, prepare the journal entries that would be recorded in 2015 and 2016.
lim clothing company manufactures its own designed and labeled sports attire and sells its products through catalog
wyatt co. has budgeted the following unit sales2011nbspnbspnbspnbspnbspnbspnbspnbsp
which of the following is not true concerning requirements of when a company should recognize revenue? when delivery
Prepare an income statement for the current year ended June 30, 2012 Prepare a statement of owner's equity for the current year ended june 30, 2012.
analyze the six steps involved in the rational decision-making process to determine which is the most difficult to
Respond to the following ethical issue concerning the reclassification of receivables in your initial post:
Compare and contrast the Fair-Value Method (FAS 115) and Equity Method. When should you use each method and why? What are some of the limitations of the Equity Method?
what accounting method cash or accrual would you recommend for the following businesses?a. a gift shop with average
on january 1 2011 doty co. redeemed its 15-year bonds of 2500000 par value for 102. they were originally issued on
If investor company owns 20% of the stock of investee company and investee company reports profits of $100000, then Investor company reports equity income of ?
A company has capital of $200 million. It has an EROIC of 9%, forecasted constant growth of 5%, and a WACC of 10%. What is its value of operations? What is its intrinsic MVA?
Internal control is a plan of organization and system of procedures implemented by company _____ and the _____ designed to accomplish five objectives.The two most common types of fraud impacting financial statements are
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