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horrorfan [7]
3 years ago
14

The key accounting issue related to bundled (multiple-element) sales transactions is the amount of revenue to be recognized over

the contract.
True / False.
Business
1 answer:
elena55 [62]3 years ago
8 0

Answer:

The correct answer is False.

Explanation:

The key accounting issue related to bundled (multiple-element) sales transactions  is the timing of revenue recognition.

The fundamental principle is that an entity recognizes revenue to reflect the transfer of goods or services committed to customers for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such goods or services.

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What are the two principal animal research regulatory documents used by the public health service?
BARSIC [14]
<span>"Public Health Service Policy on Humane Care and Use of Laboratory Animals" by the US Deparment of Health and Human Services; and "Guide for the Care and Use of Laboratory Animals" by the National Research Council of the National Academies.</span>
6 0
3 years ago
. What is a great system to manage money and prevent taking too much from one category? Please describe the
Allushta [10]

I'm pretty sure the answer would be a budget? A good budget is a way you can keep track of your money. Like what you are spending it on in different categories (like bills, entertainment, food, etc) and how much money is being spent in each.

4 0
2 years ago
Question 1 which of the follow will happen if you miss a monthly credit card payment?
Stells [14]
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Hope this helps!
6 0
3 years ago
Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 1,040 June 10
postnew [5]

Answer:

FiFo method as prices are continuously increasing

Explanation:

Date                Units               Cost                    Per Unit Cost

June 1             150 units            $ 1,040               6.93

June 10           200 units              1,560               7.8

June 15          200 units               1,680               8.4

June 28          150 units               1,320               8.8

                                                  $5,600

As the unit price is increasing the method which yields the highest gross profit would be FIFO.But in some cases the income is overstated as the beginning inventory is too old to account for . Similarly Lifo gives lower net income but that too is not very beneficial when the inventory is almost obsolete.

The average method gives a measure in between FIFO and LIFO.

7 0
3 years ago
Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR
notka56 [123]

Answer:

9.43%

Explanation:

The computation of the internal rate of return is calculated by using the spreadsheet which is shown in the attachment

The internal rate of return is the return at which the net present value comes to zero i.e.

Net present value = 0

initial investment = Present value of cash flows after taking the discounting factor

After solving the given problem, the internal rate of return is 9.43%

5 0
3 years ago
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