Answer:
Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.
Explanation:
In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.
Answer:
there not really my style! but i say #1 :) have a great day gorgeous.
Explanation:
Answer:
3. Rights and obligations.
Explanation:
This evidence is in support of relevant financial statement assertions about existence or occurrence and Rights and obligations. Even though a specific confirmation request does not test all assertions equally well. Especially since more than one agent may be holding securities for a single client which may or may not be specified within the request.
Well when the supply and demand is met and aka a elaborate word is equilibrium price. <----
Answer:
The correct answer is E
Explanation:
Maximizing profits is the strategy, in which the firm or organization maximizes the profit through operating where the MR (Marginal revenue) equals to the MC (Marginal cost).
In this all the measuring factors are required in order to predict or forecast the profits and the sales at the different level of price, so the level of price could generate the highest return to the firm.
