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3 years ago

6

The extent to which a firm's internal activities encompass one, some, many, or all of the activities that make up an industry's

entire value chain system is known as: vertical scope. cooperative scaled scope. outsourcing scope. horizontal scale. focal scope.

1 answer:

Free_Kalibri [48]3 years ago

8 0

The answer is: [A]: "vertical scope" .
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According to generally accepted accounting principles (GAAP), revenue is recognized as income when:

bogdanovich [222]

Answer:

the transaction is complete and the goods or services are delivered.

Explanation:

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The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date

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3 years ago

With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos

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A buyer in the ordinary course of business who purchased the goods from a merchant

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Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1

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Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

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c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

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