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mario62 [17]
3 years ago
15

Which of the following is considered to be unearned revenue?

Business
1 answer:
KIM [24]3 years ago
3 0

Answer: Concert tickets sold for next month's performance

Explanation:

Unearned revenue is the payment received by a business for services yet to be rendered or product that has not yet been delivered to the customer. Therefore, the tickets sold for next month performance is a good example of an unearned revenue.

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3 years ago
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How is goodwill calculated? A. The amount paid to purchase a business in excess of the market value of its net assets. B. An est
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Answer:

Goodwill is calculated as A. The amount paid to purchase a business in excess of the market value of its net assets.

Explanation:

Goodwill is the quantification of the value of the name or reputation of a business. It is an intangible asset for the business that arises and is recorded as part of a business's value when it is sold. Goodwill is the additional amount paid by the buyer in excess of the amount that a business's tangible net assets are worth. Thus, goodwill can be calculated as the amount paid in to purchase a business in excess of the market value of its net assets.

For example, If a business is purchased for $100 whose net assets, which are Total assets less total liabilities, are worth $80. Then the goodwill is the $20 that is the difference of the amount paid to purchase the business and the value of its net assets.

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3 years ago
An investor purchases a 30% interest in an investee company, and the investor concludes that it can exert significant influence
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Rico Petricelli Industries invests $960,000 in plant assets with an estimated 10-year service life and no salvage value. These a
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The payback period for this Rico Petricelli Industries' investment is 6 years.

Data and Calculations:

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Learn more: brainly.com/question/17109529

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