User Account

All Pages

Amount of law services revenue

Assignment Help Accounting Basics
Reference no: EM13973988

During 2015, Maverick Law Firm had the following transactions with it clients On February 1, 2015, the company received cash of $5,800 from clients in payment of their account balances as of December 31, 2014.

  • On November 1, 2015, the company received $2,800 cash as payments in advance for law services to be performed in 2016.
  • The company received a total of $17,000 in cash for law services that were performed during 2015.
  • The company sent bills totaling $4,800 to clients for services performed during 2015; this amount was unpaid as December 31, 2015.

What is the amount of Law Services Revenue that will be reported on the income statement for the year 2015?

Reference no: EM13973988

Questions Cloud

Canadian income taxes : SMALLco is a domestic corporation that has elected S corporation status. SMALLco wholly owns a Canadian corporation, CANco. CANco earns $100,000 of income during the year and pays $40,000 in Canadian income taxes.
What is its bond equivalent yield : a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bill =$ 9900.33 b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermedi..
Impairment loss included in continuing operations : What before-tax amount(s) should Pearman report as loss on discontinued operations in its 2016 income statement? $1,400,000 loss. $400,000 loss. None. $400,000 impairment loss included in continuing operations and a $1,000,000 loss from discontinu..
Write about why do people smoke and how : Write about why do people smoke and how and when did they start smoking and what is the side effect for smoking and why it is dengrous for young people and dengrous for our health.
Amount of law services revenue : What is the amount of Law Services Revenue that will be reported on the income statement for the year 2015?
What focus group does, what purpose it serves : We just completed one live focus group session. Now, you have a better idea of what focus group does, what purpose it serves. Here is Dan Ariely (well known behavioral economist/psychologist and amazing presenter) and his thoughts on "focus group"...
Discuss how inappropriate police behavior impacts society : Describe what appropriate behavior looks like and discuss how inappropriate police behavior impacts society and the profession.
Is profit an appropriate method for distributing income : Is profit an appropriate method for distributing income, in light of Smith's discovery? What is Smith's opinion? What are alternative views? In the U.S. today, what is different about profit compared to Smith's observations of his time period?
Who might be microsoft key external publics : What social projects would ?t best with Microsoft in its northwestern United States location? Provide three ideas. Who might be Microsoft's key external publics for one of these projects

Reviews

Write a Review

Accounting Basics Questions & Answers

  If the 5000000 investment in the cable tv division is

the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income

  Case study of revson corporation

Revson Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows:

  Determine how much money would be in a savings account that

determine how much money would be in a savings account that started with a deposit of 2000 in year 1 with each

  Determine the amount of net income that would be reported

Winters Co. purchased $48,000 of marketable securities on March 1, 2013. On the company's fiscal year closing date, December 31, 2013, the securities had a market value of $27,000. During 2013, Winters Co. recognized $12,000 of revenue and $5,000 of ..

  Discuss briefly the financial reporting differences

Specific identification method (62 of the units sold were purchased on April 9, and the remaining units were purchased on May 1).

  Based only on the information provided for each scenario

based only on the information provided for each scenario determine whether gus or rob will benefit more from using the

  Determine the total dividends paid to each class

Determine the total dividends paid to each class for the four years combined. (Omit the $ sign in your response.)

  Prepare all appropriate journal entries related to invest

Prepare all appropriate journal entries related to the investment during 2013, assuming Runyan accounts for this investment by the equity method.

  You work for dowling inc which is considering a new project

you work for dowling inc. which is considering a new project whose data are shown below. what is the projectu2019s year

  Prepare an incremental analysis for the decision

a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Collier Bicycles buy the wheels from the outside supplier? Justify your answer.

  Focus group research is frequently employed by advertising

1. would you agree with someone who said that a situation analysis is not particularly useful since all competitors in

  If investors aversion to risk increased would the risk

if investors aversion to risk increased would the risk premium on a high-beta stock increase by more or less than that

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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