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Revenue recognition and the matching principle are important concepts in the field of accounting. Discuss with appropriate examples. The FASB and IASB recently released a new Revenue Recognition standard that will be implemented in the future. Therefore, in your discussion post, in addition to responding to the above requirement, I expect to see a discussion on this new standard.
Prepare the general journal entries necessary to record these transactions.
use the expanded accounting equation to answer each of the following questions.a the liabilities of roman company are
qd3000-10p qs-100010p where is q is the number of businesses that need services and p is the monthly fee in
1. potential costs due to the discovery of a possible defect related to one of its products. these costs are probable
earnings rate of your retirement portfolio is 6 per year. ? you will receive an annual raise on your salary of 3 per
your friend sally has hired you to evaluate the following internal control procedures.a explain to your friend whether
michaels plumbing company has the following transactions for the year a. december 1nbsp issued capital stock for 50000
problem 30 amount realized and basis determination lo.1 kareem bought a rental house in march 2008 for 300000 of which
Compute 3M's average collection period for accounts receivable in days. (Round turnover ratio to 1 decimal place, e.g. 10.5 and collection period to 0 decimal places, e.g. 125.)
what document usually summarizes the sources disbursements charges and credits associated with a real estate closing?a
in january 1 2009 vacker co. acquired 70 of carper inc. by paying 650000. this included a 20000 control premium. carper
in paige company direct labor is 20 per hour. the company expects to operate at 10000 direct labor hours each month. in
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