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IRISSAK [1]
3 years ago
11

When a customer pays far enough in advance to require the seller to record interest expense and accrued interest payable based o

n the advancecollection amount, the amount of revenue recognized by the seller when all performance obligations have been met and delivery is complete willa. Exceed the amount of deferred revenue initially recorded.b. Be lower than the amount of deferred revenue initially recorded.c. Be the same as the amount of deferred revenue initially recorded.d. Be either the same or higher than the amount of deferred revenue initially recorded
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

B. Be lower than the amount of deferred revenue initially recorded.

Explanation:

In order to record the revenue for interest paid we only recognize the revenue that is incurred that particular reporting period for example if year end is December 31st. Hence only that revenue will be part of DEC 31st financial statement that is up to that duration .

Whereas the amount exceeding way above in advance is a liability on the company and will be recognized accordingly as per the terms of payment.

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Answer:

The correct answer is letter (1): True.

Explanation:

Implementing a horizontal approach within a firm might not always imply a smooth transition. Some employees may find it hard to communicate with their coworkers because of factors of their personalities or just because they are not familiar with it.  In such cases, leaders must intervene as bridges of communication moreover when conflicts must be solved between subordinates.

5 0
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dimaraw [331]

Answer:

the journal entries used to record this transaction are:

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This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.

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3 years ago
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Sav [38]

Managers, this is symbolic of how business is run in U.S. culture.

4 0
3 years ago
Read 2 more answers
Which is an advantage corporations enjoy over partnerships?
Trava [24]
<span>The owners of a corporation don't have to work together to make all of the business decisions.

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3 0
3 years ago
Select the best term to describe the following examples.
Bezzdna [24]

Answer:

The correct answer is: Emotional contagion.

Explanation:

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Emotional contagion implies an individual connecting its emotions to others' moods which is likely to be reflected in both parties' behavior.

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