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r-ruslan [8.4K]
1 year ago
7

According to the revenue recognition principle, revenue is to be recognized when:____.

Business
1 answer:
ehidna [41]1 year ago
8 0

According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.

A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.

To learn more about  revenue recognition principle here

brainly.com/question/28218373

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Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of
lara [203]

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = \frac{Dividend}{Current price} + Growth rate

we will ignored Flotation costs  in this case

so it will be = \frac{3.5 * 1+0.1}{40} + 0.1

= 19.63 %

so correct option is a. 19.63%

5 0
3 years ago
Over a five-year span, the ABC Co. reduced the amount of labor it hired. At the same time, the marginal productivity of labor in
tankabanditka [31]

Answer: D. All of the above

Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.

Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.

5 0
3 years ago
Explain how you would create a job requirements matrix for a job.​
Colt1911 [192]

Answer:

I would create a job by, getting the requirements for the job, I would try getting other people to help me and to work with me. That's how I would create a job and the most important part, create a name for the job.

5 0
3 years ago
Companies in the "sunset" industries develop environment ally sound substitutes
OverLord2011 [107]
What's your question I don't understand
6 0
3 years ago
Prepare the journal entry to record autumn company’s issuance of 63,000 shares of no-par value common stock assuming the shares:
mojhsa [17]

The entry for this transaction would be this: 

Land                                1,827,000 

Ordinary shares                       1,827,000 

# 

<span>The market value of the shares on </span>this transaction<span> does not affect the recording of this transaction. If the share has no par value, the stated value should be used. Stated value is a value assigned by the company to its stock for the purpose of accounting and it does not have any relation with the market value of the shares. Since stated value is not given in this problem, we should record the entire amount of the land exchanged in this transaction to the "Ordinary shares" account.</span>

7 0
3 years ago
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