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Anastaziya [24]
3 years ago
12

An entity entered into a contract to construct a building. Based on the contract’s terms, the entity appropriately determined th

at the performance obligation in the contract will be satisfied over time. At an early stage of the contract, the entity cannot reasonably measure the outcome of the contract, but it expects to recover the costs incurred in the construction of the building. The revenue from the contract should be recognized __________.
Business
1 answer:
Jet001 [13]3 years ago
8 0

Answer:

It should be recognized to the extent of cost implication

Explanation:

Contract is simply an agreement reached between two or more parties which must be strictly adhered to. If the entity above recognizes above the extent of cost implication, it would a violation or breach of contract. So, the revenue must be recognized to the extent at which cost was incurred.

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When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will
kipiarov [429]

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will expect an ownership stake in the company in exchange for financial backing.

Venture capitalists are investors that provide capital to small businesses, young companies, and start-ups in exchange for an equal value share in the asset and expect ownership.

Small businesses do not have adequate capital and turn to venture capitalists for financial backing to expand and upscale their projects. Venture capitalists do not invest in budding businesses but choose businesses that have strong management and clear concepts and are ready to market their products. Due to uncertainty in the investment outcome, venture capitalists tend to have a high failure rate, but the investments that do pan out tend to be high yield.

You can learn more about venture capitalist at

brainly.com/question/18776651

#SPJ4

5 0
1 year ago
Mary purchased a home in year 1 for $200,000. She made a 20-percent down payment and financed the rest with a 15 year loan at si
Serjik [45]

Answer:

If Mary decides to itemize her deductions, she can deduct $11,000 from her gross income (= $9,600 + $1,400).

Explanation:

For 2019, Mary can deduct mortgage interests from her first loan and the interests from her home equity loan as itemized deductions. Deductions are available for mortgage debt and other home equity loans up to $500,000 for single filers and $1,000,000 for married joint filers.

8 0
2 years ago
You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit
tino4ka555 [31]

Answer:

$36,602.5

Explanation:

Your profit each year of saving $7,300 at 8.5% return each year is $620.5

In that case you earn $7,920.5 each. Multiply by 5 years which is the fifth year you made the last deposit, and you will arrive at $36,602.5

6 0
3 years ago
Read 2 more answers
The use of ___________ is based, in part, on the belief that the term is broader than public relations, and encompasses all comm
Ksivusya [100]

Answer: corporate communications

                             

Explanation: Corporate communications relate to how businesses and organizations interact with specific stakeholders, both internally and externally. These stakeholders include,. customers, media, employees and government etc.

Based on the group being discussed, corporate communications may come in many forms. In conclusion, the communication strategy for a company would generally consist of the printed word, verbal word, and un-spoken interaction.

The communication department of an organisation is responsible for a number of duchies to be performed such as public relations and customer marketing etc.

6 0
3 years ago
Starling Company purchased machinery at the beginning of Year 1 at a cost of $86,100. The machinery has an estimated life of fiv
Alja [10]

Answer:  $10,906

Explanation:

Given that,

Purchased machinery at the beginning of Year 1 = $86,100

machinery has an estimated life of five years,

Estimated residual value = $4,305

Accumulated depreciation = $49,077 at the end of Year 2

Year 3 Depreciation expense:

= \frac{Cost\ of\ machinery - Estimated\ residual\ value - Accumulated\ depreciation}{3}

= \frac{86,100 - 4,305 - 49,077}{3}

= $10,906

5 0
3 years ago
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