Answer:
The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.
Explanation:
Your insurance will be cancelled
Answer:
real GDP will remain the same and price level will increase
Explanation:
Answer:
$1,290
Explanation:
The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are
- the cost of goods delivered or service rendered can be measured reliably
- good/services were delivered/rendered in the month
This is irrespective of whether cash was collected or not under the accrual method.
Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized
= 86 * $15
= $1,290
The most effective and appropriate way to determine the likelihood of this happening is to: stay informed, keep up with the news
