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larisa [96]
3 years ago
12

Sales revenues are usually considered earned when an order is received. cash is received from credit sales. adjusting entries ar

e made. goods have been transferred from the seller to the buyer.
Business
1 answer:
lesya [120]3 years ago
8 0

Answer:

The answer is C. goods have been transferred from the seller to the buyer

Explanation:

Revenue Recognition states one should recognize revenue when it is earned and not only when cash is received.

Option C. is correct.

When goods have been transferred from the seller to the buyer, it means the buyer has bought something and the ownership and risk for the asset have been transferred to the seller. Well, this doesn't say whether cash is received at the point of exchange or not but revenue has been earned.

Option A is wrong. This transaction affects accounts receivable because revenue for this must have been collected before

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A soccer player herself, Jenine is very concerned about the growing number of serious injuries at all levels of the sport. When
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Answer:

problem-solution order

Explanation:

According to my research on different organizational methods, I can say that based on the information provided within the question Jenine's main points were arranged in problem-solution order. This is an organizational method in which a problem is stated and a solution is provided immediately following the problem.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
An expense resulting from failing to take advantage of cash discounts when using the net method of recording purchases is called
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Is there an existential threat of social media?​
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could be

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7 0
4 years ago
Which section of a Schumer Box discusses what happens when a payment is late?
Mars2501 [29]

Answer:

Penalty APR and When It Applies

Explanation:

A Schumer Box is a table that explains the costs of a credit card in the United States. It has sections like:

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-How to Avoid Paying Interest on Purchases: It indicates the specific situation in which you would be exempted from paying interest on a purchase.

-Penalty APR and When It Applies: It indicates the specific situations in which you would have to pay a higher interest rate as an infraction for things like making a late payment.

-Variable Rate and Balance Computation: It indicates how the interest rate can change and how the finance charge is calculated.

According to this, the answer is that the section of a Schumer Box that discusses what happens when a payment is late is Penalty APR and When It Applies.

8 0
3 years ago
Sue's Soup Products uses a process costing system with two processing departments: the Mixing and Cooking Department and the Can
valkas [14]

Answer:

$0.65

Explanation:

The unit cost per can of soup transferred to finished goods warehouse during March is the total manufacturing costs incurred by both Mixing and Cooking department and Canning Department divided by the total number of cans of soup transferred.

Both departments incurred $122,900  in manufacturing costs i.e($113,400+$9,500) while the total number of gallons of soup transferred to finished goods warehouse was 190,000 cans

Unit cost per can of soup=$122,900/190,000=$0.65  

6 0
3 years ago
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