Income statement and the related liability report

Assignment Help Accounting Basics
Reference no: EM13859161

In March 2009, Sally's corporation, a newly developed Internet game company, received $1,200,000 for 2,000 three-year year subscriptions to a new online game priced at $200 per year. The subscriptions do not start until June 2009. Fill in the following chart for each of the given years to show the amount of revenue to be recognized on the income statement and the related liability report it on the year in balance sheet. Sally's Corp. the school year end is December 31.

Reference no: EM13859161

Questions Cloud

What elements are missing from the action plan : Write a three page report answering the following questions: What elements (at least two) are missing from the action plan in Table 9.1 for the EMR system? Justify your choice
Design a d.t. fir filter to only pass a band of frequencies : Design a D.T. FIR filter to only pass a band of frequencies 20 kHz wide from the frequencies between 10 kHz and 30 kHz. The center frequency of the band lies at 20 kHz and the sampling frequency is 200 kHz. Use the Hamming window.
Audit report project : 1. Access the SEC EDGAR database (www.sec.gov) and retrieve Apple's 2015 3rd Quarter. Extract the financial statements and update the excel spreadsheet.  Project the income statement and balance sheet for year-end 2015.
Development of a healthcare business strategy : Assignment: Development of a Healthcare Business Unit's Strategy. Identify a health care organization for which a significant amount of information is available, in books, journals, reports, or on the Internet
Income statement and the related liability report : Fill in the following chart for each of the given years to show the amount of revenue to be recognized on the income statement and the related liability report it on the year in balance sheet. Sally's Corp. the school year end is December 31.
Define the term broadbanding : Define the pay-structure decision. What is job evaluation, and how does it help managers build a pay structure? Do you believe that outsourcing is here to stay or is it a passing fad? Explain. Define the term broadbanding. How does it relate to tr..
Simulate the overall circuit and plot the frequency : The output of the amplifier has to be connected to a band pass filter with 10KHz center frequency and bandwidth of lkHz. Simulate the overall circuit and plot the frequency response at the output of the amplifier and the output of the filter
Explore gender stereotypes within united states culture : Issues of stereotypes, prejudice, and discrimination are common areas of study within social psychology
Calculate the subtransient fault current seen by circuit : Calculate the subtransient fault current seen by each circuit breaker due to a solid three-phase fault occur at all bus locations. Calculate the subtransient fault current seen by each circuit breaker due to a three-phase fault through an impedance o..

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Y company is owned as a sole proprietorship by z who has

y company is owned as a sole proprietorship by z who has made 5000 of withdrawals during the year from y. y had

  Beverage products llc manufactures metal beverage

beverage products llc manufactures metal beverage containers. the division that manufactures soft-drink beverage cans

  Describe the process of assessing the earnings and

describe the process of assessing the earnings and financial reporting quality of publicly held corporations.relate the

  Besides comparability as stated what other factors might

ifrs reporting rules that apply in many countries outside the u.s permit management to for example revalue long lived

  Korsak corporation decided to issue common stock and used

korsak corporation decided to issue common stock and used the 331700 proceeds to redeem all of its outstanding bonds

  Variable costs and fixed costs problem

OUV has spent $2,000,000 in R&D to develop a new product.  The company plans to sell the product for $10 per unit.  It will cost $2 in materials and $1 in labor to produce each unit.

  Full-time position in the accounting profession

As you interview for and begin a full-time position in the accounting profession, what level of knowledge of issues related to international accounting (including IFRS) do you believe is expected of you by the accounting profession? Why do you thi..

  Compute both the price variance and quantity variance

Compute both the price variance and quantity variance relating to direct materials used in the manufacture of pillowcases in May.

  Checking account balance 592530 postdated check from a

for each individual situation determine the amount that should be reported as cash. 1. checking account balance 937640

  Frado company provides you with following information

frado company provides you with following information related to payroll transactions for the current month. the

  Explain the nature and functions of auditing

Describe the elements of the Generally Accepted Auditing Standards (GAAS). Describe how these standards apply to financial, operational, and compliance audits. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting ..

  Web moving images texts audio software patron info about ia

web moving images texts audio software patron info about ia projects home american libraries canadian libraries

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