Answer:
The correct option is C.
Explanation:
Based on<em> IFRS 15 Revenue from Contracts</em> <em>with Customers:</em>
- a contract is an agreement between two or more parties that creates enforceable rights and obligations.
- revenue is an income arising in the course of an entity's ordinary activities.
The recognition of income arising from the supply of garbage bins and cleaning services is<em> bona fide</em>, since the two services are in the company's ordinary activities.
- When the supply of the garbage bins took place, delivery took place and ownership has been transferred to the client, so Binz Company can recognize the income as earned.
- The contract for 5-year cleaning services has to be recognized over the service year in line with accrual principle in accounting.
Answer:
$ 13.17
Explanation:
Data provided :
Material cost in the beginning = $ 126,000
Additional material cost = $ 32,000
thus,
the total material cost = $ 126,000 + $ 32,000 = $ 158,000
Units in the work in progress = 12,000 units
Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)
on substituting the values in the above relation, we get
he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )
= $ 13.1667 ≈ $ 13.17
Answer:
Simone will be considered unemployed.
Explanation:
Simone is 26 years old, this means that she is in the adult population. She used to work as a copy editor for a newspaper. She has lost her job and is actively looking for work. She will be considered an unemployed person and will be included in the labor force.
Those workers who do not have a job currently but are actively looking for one are considered unemployed. Those who are without jobs but are not actively looking for one are considered discouraged workers and are not included in the labor force. The labor force includes only employed and unemployed workers.
Answer:
I would say safekeeping of employees and guests, as well as eliminating probable threats.
Explanation:
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
<h3>What is a unit of account?</h3>
A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
Learn more on unit of account here; brainly.com/question/12730352
#SPJ12
