<span>If a sells to b, and b obtains title while goods are in transit, the goods were shipped FOB SHIPPING POINT.
If c sells to d, and c maintains title until the goods arrive at d's door then the goods were shipped FOB DESTINATION.
FOB stands for Free on Board. The recording of the sale will be dependent on whether it is FOB shipping point or FOB destination. In FOB shipping point, the buyer becomes the owner of the item when it is shipped. In FOB destination, the buyer becomes the owner of the items when it is received. </span>
Answer:
The answer is D. balance sheet as a current liability
Explanation:
Unearned fee is the amount that has been collected before rendering a service. For example, a customer paid in advance for goods that have been delivered, a football season ticket holder. The full service has not been rendered. So it is recognized as a liability because the customer can terminate the contract anytime.
As the service is being rendered, maybe monthly, quarterly or weekly, revenue is recognized and unearned fee decreases.
For example, a customer paid a $12,000 on Jan 1. for monthly delivery of magazine for a year. Here, the customer paid for a service that last till Dec 31st.
What will be recognized as revenue monthly is $1,000($12,000/12months) and unearned revenue too decrease by $1,000 monthly
Answer:
$7,200
Explanation:
West should recognize 6 months of rent during 2004 = $36,000 x 6/12 = $18,000
So West will recognize the remaining $18,000 in rent during 2005, but it decided that the operation will be taxed completely during 2004.
Since the future taxable income will be less than the future pre-tax accounting income be $18,000, then they must report a deferred tax asset = $18,000 x 40% = $7,200
The current tax rate is lower than the future tax rate, but West has to record its tax asset based on the future tax rate, not the current one.
Answer:
Features are what something features so for example, if you purchased an item, on the box it might say what is featured inside it (what the items are in the box) on a list, benefits would be the positive impact of having the product
Answer:
The correct answer is True.
Explanation:
M-commerce is about electronic commerce using the mobile phone, either through a browser or an application as a means of purchase.
Although it is not as developed as e-commerce, it is growing significantly. You only need a web browser to be able to make the purchase on the same website as you would with a computer.
Within the m-commerce you can group the sale of products and services using tablets, not just mobile phones
