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Over [174]
3 years ago
8

Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a

reportable segment:
1.It engages in sales activities with unaffiliated entities.
2.It engages in business activities from which it may earn revenues and incur expenses
3.Its operating results are regularly reviewed by the entity's chief operating decision maker.
4.Its discrete financial information is available
Business
1 answer:
alexgriva [62]3 years ago
3 0
2. It engages in business activities from which it may earn revenues and incur expenses.
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Depreciation allowance refers to a sum that can be removed a business' benefit figure while ascertaining charge, to take into account the way that an advantage has lost piece of its incentive amid a specific time frame.  

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3 years ago
Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days.
Solnce55 [7]

The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900

Explanation:

  • Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900.
  • Unearned extended warranty revenue is given to be as an unearned revenues in accrued liabilities in the balance sheets.
  • Revenue which comes from separately priced, self-insured service contracts is reffered at the point of sale.
  • Unearned revenue is a money which is received from a customer for work that has not been performed still.

7 0
3 years ago
Which of the following statements would need to be documented in a report? a. Damaging winds, common in strong tornadoes, caused
trasher [3.6K]

Answer:

The answer is letter C.

Explanation:

The statement that would need to be documented in a report is The Fujita-Pearson tornado scale rates tornadoes with wind speeds of 261 to 318 miles per hour as F5 storms.

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Pola and quint want to form and do business as river tours corporation. a corporation can consist of?
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'Pola and quint want to form and do business as river tours corporation. a corporation can consist of one or more natural persons.

A corporation is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now allow the formation of new companies through registration.

The company is managed and directed by its directors and officers. Directors are appointed by shareholders and are responsible for the overall management and corporation governance of the company. The directors appoint officers who are responsible for the day-to-day management and operations of the company.

Learn more about corporation brainly.com/question/1918077

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4 0
1 year ago
Helppppppp me please?!!!
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Answer:

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