Xerox immediately recognized revenue from long-term leased contracts on copiers, rather than recognizing it over the lease term. This is an example of (c) <u>Aggressive revenue recognition </u>
Explanation:
<u>Xerox immediately recognized revenue from long-term leased contracts on copiers, rather than recognizing it over the lease term. The company falsely drive up its stock prices, Xerox defrauded its investors by making them believe that that the financial position of the company was much more than what is being reflected or showed and Xerox were eventually charged and forced to pay a fine in excess of $10 million by the S.E.C</u>
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The four condition for recording up the sale by SEC are
- Persuasive evidence of an arrangement exists
- Delivery has occurred or services have been rendered
- The seller's price to the buyer is fixed or determinable
- Collectibility is reasonably assured
Answer:
$15,000
Explanation:
Given that,
Credit balance in Unearned Revenue account = $10,000
Advance payment by a customer = $12,000
Revenue earned during January = $7,000
Balance in unearned revenue:
= Credit balance in Unearned Revenue account + Advance payment by a customer - Revenue earned during January
= $10,000 + $12,000 - $7,000
= $15,000
Therefore, the balance in Unearned Revenue on January 31, 2019 is $15,000.
Companies whose broadcasts themselves are free make money by receiving a portion of sales profits from radio/television sales such as popular merch from movies/ cartoons etc. I am pretty sure that this option best fills the statement and hope that you still need the answer because this one is really helpful.
A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .
c. An increase of $ 150,000 is the net impact on retained earnings is the correct option.
Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.
For most people, income means gross income in the form of wages and salaries, return on investment, pension payments, and other income.
The definition of income is the amount of money received by an individual, group or business during a specified period. An example of income is an annual salary of $70,000.
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Federal Aviation Administration FAA
These changes are meant to restrict the use of Part 23 of the Federal Aviation Regulations to small aircraft with a passenger seating layout of nine seats or less, excluding pilot seats.
Federal Aviation Administration - Issues and enforce regulations and minimum standards covering manufacturing, operating, and maintaining aircraft. We certify airmen and airports that serve air carriers. The safe and efficient use of navigable airspace is one of our primary objectives
Civil aviation regulation to increase safety
promoting and advancing civil aviation, including new technologies creating and running a navigation and air traffic control system for both civilian and military aircraft
Civil aviation and the National Airspace System research and development
creating and implementing plans to reduce aircraft noise and other impacts of civil aviation on the environment
Controlling commercial space travel in the United States
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