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1. When is revenue recognized in the following situations?
(a) Revenue from selling products?
(b) Revenue from services rendered?
(c) Revenue from permitting others to use enterprise assets?
(d) Revenue from disposing of assets other than products?
on february 20 2012 hooke inc. purchased a machine for 1201920 for the purpose of leasing it. the machine is expected
what was the cost per equivalent unit for conversion costs for january in the molding department? round off to three
if profit margin 10 fraud loss 436million then why the revenue to restore the effect on net income is 4.36 billion
Which one of the following is not a way to deal with uncertainty in the budget-preparation process?
companies that move into a new country are often faced with a dilemma of adjusting to local practices or enforcing the
Suppose that an automotive parts and accessories chain is experimenting with a new sales promotion. Two similar stores are selected for the experiment. For Store 1, nothing changes. This store constitutes the control group. For Store 2, the treatm..
envision inc. purchased 3800 shares of common stock for the treasury at 17 per share. a month later envision sold 2100
Carin, a widow, elected to recieve the proceeds of a $100,000 life insurance policy on the life of her deceased husband in 10 installments of $15,000 each. Her husband had prepaid premiums of $75,000 on the policy. In the first year, Carin collect..
Duke Corporation appropriately uses the installment-sales method of accounting. The following data were obtained for the years 2014 and 2015. Duke did not make any installment sales prior to 2014.
june 11 received a check for 8303.20 from the western national credit card company as payment in full on credit card
On August 1, 2011, Lane Corporation called its 10% convertible bonds for conversion. The $8,000,000 par bonds were converted into 320,000 shares of $20 par common stock. On August 1, there was $700,000 of unamortized premium applicable to the bond..
When we look at GDP there are many factors that we have to consider. What part of the components of GDP do you find are the most important when contributing to economic growth?
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