Deferred revenue is payment received for goods or services that a customer expects to receive in the future. The company owes the customer until the service is rendered or the goods are delivered. This temporarily turns the sale into a liability.
Deferred revenue are money received on accrual accounting for goods or services that have not yet been earned. Under the revenue recognition principle, they are recognized as liabilities until delivery, at which point they are converted to revenue.
Deferred tax liability is an item on a company's balance sheet for which unpaid taxes are recognized but not paid until a later date.
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Answer:
Expenses will be understated, hence, Net Income will be overstated.
Rent prepaid will be overstated, hence, current assets will be overstated.
Explanation:
Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.
In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.
The core employees in the nine-box grid are those with <u>high-potential and high performance</u>
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Explanation:
In the nine-box grid, high-potential and high performing employees who should be developed for leadership positions in the company are termed <u>Star Performers</u>
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<u>An assessment tool that is used to evaluate the level (Both current and Potential) of contribution of an employee towards his organization.</u>
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<u>A 9-box grid is a tool is used by HR for sucession Planning and employee development.In a 9-box grid employees are mapprd on 2 axis -Current Performance and future potential</u>
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<u>The High Potential employees are Termed as HIPOs.</u>
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Answer:
Buying Criteria
Explanation:
Buying Criteria ... exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate consumer.
Answer: True
Explanation:
Although the permission was granted to use the copy machine for personal use on occasional basis, they are still limiting factors that pose it discriminatory for other tier of workers in the firm as those who occupy lower offices don't find it convenient to use and the location of the machine makes it only readily available for high earners as it's positioned in their office.
