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sashaice [31]
3 years ago
14

Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea)

consistency characteristic.b) expense recognition principle.c) revenue recognition principle.d)relevance characteristic.
Business
1 answer:
melomori [17]3 years ago
6 0

Answer:

This statement describes. c) revenue recognition

Explanation:

The revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected.

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John constantly needs assistance from his colleagues at work. He feels helpless and lacks conviction in his ideas. Which type of
Gwar [14]
John is a fatalist decision maker

7 0
3 years ago
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WILL MARK BRAINLIEST
PtichkaEL [24]

<h2>\sf {Question:}</h2>

Which professional code of conduct states that an accountant should act in a manner that will instill trust in the public?

…………………………………………………………………………

<h2>\sf{Answer:}</h2>
  • The Answer is A. Intergrity.
6 0
2 years ago
Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions oc
ikadub [295]

Answer:

a.) Raw material 210000

          Account payable     210000

(Purchase material on account)

b.) 1.Work in process  151200

             Raw material       151200

       (material used)

    2.Overhead          37800

              Raw material        37800

     (Record indirect material )

c.)1. Work in process     49000

              Factory payroll        49000

     (Record direct labor)

     2. Overhead           20000

              Factory payroll        20000

       (Record indirect labor)

       

d.)  Overhead      106000

          Accumulated depreciation   106000

          (record depreciation)

e.)  Overhead     130000

               Account Payable    130000

f.)  work in process  (8*76400)  611200

              Overhead                               611200

g.) Finished goods 511000

                   Work in process   511000

  ( record completion of goods from wip to finished goods)

h.)Account receivable  605680

                 Sales                       6056800

      (record sales on account)

Explanation:

f.Overhead applied to a particular job= Predetermined rate* job hours allocated

h. copmlete job were shipped to customer at 34% above cost =(452000*34%)=452000+153680=605680.

5 0
3 years ago
Jane: "I'll pay you $50 if you will clean my windows." Al: "I'll do it for $75." Jane: "$65 and it's a deal." Al: "No way." Jane
Harlamova29_29 [7]

Answer:

c. There is no contract.

Explanation:

For a contract to be valid there has to be a offer and acceptance. In the question there was no offer that was accepted. Let us go through the conversation;

Jane made an offer of $50

Al did no accept, instead he made an offer of $75

Jane did not accept Al's offer instead she made an offer of $65. To this offer Al said "No way" meaning he did not accept.

7 0
3 years ago
The finance department of Global Couriers decides that half of the previous year's profits should be reinvested into the busines
AfilCa [17]

Answer:

organizational inefficiency

Explanation:

The finance department of Global Couriers decides to invest half of the previous year's profits into the business. However, the marketing department needs investment to extend the company's services to more cities.

The department heads want to arrange a meeting to discuss the company's strategies. But they adjourned the meeting as they realize that their opinions clash.

This has lead to organizational inefficiency.

5 0
2 years ago
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