Example of a deferred revenue

Assignment Help Financial Accounting
Reference no: EM131223010

Which one of the following is an example of a deferred revenue? a. Sales are made to customers on credit b. Cash is received prior to providing the services to customers c. Interest has been earned by a bank deposit, but it has not been recorded d. Cash sales are made to customers

Reference no: EM131223010

Questions Cloud

How can us be fully self-sufficient in terms of energy needs : Using any source of energy, preferably one that has not been discussed in depth in the lesson, , discuss in 500 words, the following aspects: Accessibility in the United States and Initial and long-term costs.
How do the principles relate to each other : What are the main principles in the US Constitution? Explain and discuss each principle fully. How do the principles relate to each other? What are the goals of these principles?
Relations from a database in a large retail chain : Question: Consider the following normalized relations from a database in a large retail chain:
How aging influences the functioning of the individual : Represents three different perspectives.- Identifies research articles about your topic that represent each perspective.
Example of a deferred revenue : Which one of the following is an example of a deferred revenue?
Omissions of adjustments will understate net income : A company forgot to record four adjustments during 2015. Which one of the following omissions of adjustments will understate net income? a. Sales made during the last week of the period are not recorded b. Prepaid insurance is not reduced for the por..
Without having to lay off employees or shut down entirely : Running a business presents challenges such as managing finances from a broad scale, including ensuring the bills are paid, credit is not misused, and keeping the doors open. Do you think there are ways to combat such challenges without having to lay..
Why do you think that christ became man : Why do you think that Christ became man? How would you describe Christ's love for us? Why do you think that Christ's marriage to the church is important to couples?
What are the prospects for reversing this trend : What are some explanations for the global deceleration of economic growth since the early 1970s, and what are the prospects for reversing this trend?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Ratio analysis of balance sheet and current ration

Ratio Analysis of balance sheet - Current ration, acid test ratio etc and Operating data for Gallup Corporation are presented

  Ulmer company is considering the subsequent alternative

ulmer company is considering the subsequent alternative financing plansplan 1 plan 2issue 8 bonds at face value 2000000

  Ethyl corporation and afton chemical corporation

New Market was formed from a merger of Ethyl Corporation and Afton Chemical Corporation

  Gallo company uses a flexible budget

The Gallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct cost categories

  How much is diluted earnings per share for calendar year

Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional 2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much is diluted earnings per share for the calendar year?

  Performance of its operating divisions-to reward divisions

Sapsora Company uses ROI to measure the performance of its operating divisions and to reward division managers. A summary of the annual reports from two divisions is shown below. The company’s weighted-average cost of capital is 12 percent.

  Registration and issuance costs in connection

On January 1, 2015, New Tune Company exchanges 16,888 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of New Tune's shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acqu..

  Prepare the assigned pages of the form 1065 and schedule d

Use the information presented to prepare the assigned pages of the Form 1065 and Schedule D. - Also prepare one Schedule K-1.

  Prepare a statement of cash flows for the year

The following changes took place last year in Pavolik Company’s balance sheet accounts: Using the indirect method, determine the net cash provided by / used in operating activities for the year. (List any deduction in cash and cash outflows as negati..

  Define international financial reporting standards

Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles

  Discuss does your client have a liability that should record

Discuss d oes your client have a liability that should be recorded at December 31? Prepare a journal entry(ies), if required, to reflect any accounting adjustment required. Assume a perpetual inventory system is used by your client.

  Handcrafted wooden birdhouses

Preston Wade Preston Wade, a local craftsman, normally sells his handcrafted wooden birdhouses for $145 each. Preston has the capacity to produce as many as 60 birdhouses a week. In a normal week, Preston makes 20 birdhouses with the following costs ..

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