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8_murik_8 [283]
1 year ago
7

In December, a company signed a contract with a regular customer to sell products for $100,000. In January, the company received

a payment of $100,000 from this customer for products to be delivered in February. Revenue regarding this transaction is recognized:
Business
1 answer:
REY [17]1 year ago
6 0

Answer: In January, when the products are delivered.

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The beliefs and values you were raised with are part of your ____________.
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I am guessing culture, because your culture is your tradition and religion which are your beliefs and values.
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Buying or selling stock is _____.
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Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the
babunello [35]

Answer:

b) Estimated Revenues Appropriations Budgetary Fund Balance $6,400,000 $6,080,000 320,000

Explanation:

Estimated Revenues                         $6,400,000  Dr

           Appropriations                                                     $6,080,000 Cr

           Budgetary Fund Balance                                        $320,000 Cr

This entry is made on the adoption of  Special Revenue Fund Budget for the year.

The special revenue fund is used for the special purposes such public maintenance etc.

The entry made on closing

Close out the budget at year end

               Appropriations                   $ 6080,0000 Dr

               Budgetary Fund Balance               $ 320,000  Dr

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4 0
3 years ago
Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $954,
stiv31 [10]

Answer:

Instructions are listed below

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

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Expenses (-)

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Secondary Activity Expenses

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Gains (+)

Losses (-)

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In this exercise:

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Expenses:

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Miscellaneous expense 19085

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Total Expenses=$696575

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4 0
4 years ago
If the Federal Reserve were to change from an expansionary to a contractionary monetary
zzz [600]

Answer:

B) systematic risk

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6 0
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