1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grigory [225]
3 years ago
12

A recently issued FASB standard requires that companies recognize revenue when goods or services are_____to customers for the am

ount the company expects to be entitled to receive in exchange for those goods or services.
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
6 0

Answer:

Transferred.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

A recently issued FASB standard known as the core revenue recognition principle, requires that companies recognize revenue when goods or services are transferred to customers for the amount the company expects to be entitled to receive in exchange for those goods or services.

You might be interested in
A) Kasapreko Company Limited is a wholly Ghanaian-owned company with branches in Nigeria, South Africa and Germany. With relevan
s2008m [1.1K]

Answer:

I think b because they knew they were gonna get caught

7 0
3 years ago
______ allows you to earn money while caring for your own children.
aleksley [76]
A family day care allows you to make money while caring for your own children
7 0
3 years ago
Read 2 more answers
At one time, the US government collected taxes only through___ taxes and imports. The ____ Amendment to the Constitution allowed
maks197457 [2]
The answers are C and B
5 0
3 years ago
Read 2 more answers
Financial Calculations
vova2212 [387]

Answer:

$14

Explanation:

24 each batch minus 10 is total profit

3 0
2 years ago
Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items need
prohojiy [21]

Answer:

A) ​Straight rebuy

Explanation:

Based on the information provided within the question it can be said that the purchasing process that Fred is using is called a Straight Rebuy. In a business context, this term refers to ordering supplies for the first time or as a reorder from a supplier from an approved list . This list contains suppliers that have been approved due to ease of use, good quality products, or low prices. Which in this case Grainger has all of these traits, which is why Fred prefers them.

8 0
2 years ago
Other questions:
  • What is an attorney’s secondary attempt to exclude a juror?
    6·2 answers
  • "A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer ser
    9·1 answer
  • Which kind of decisions involving resources must producers of goods and services make? ECONOMICS.
    8·2 answers
  • A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods ma
    10·1 answer
  • The current yield on Google's common stock is 4.8%. The company just paid a $2.10 dividend. The rumor is that the dividend will
    12·1 answer
  • Richard has $500.00 to invest, but he is willing to borrow money to increase the size of his investment. How much should Richard
    8·1 answer
  • Other factors that should be considered before the final decision is made​ are: ​(Choose all that​ apply.) A. What will be the e
    10·1 answer
  • Alternative price indexes
    12·1 answer
  • The shift of population from rural to urban areas in countries such as india helps global marketers by
    9·1 answer
  • One of the great dangers in allocating common fixed Blank 1 of 1 costs is that such allocations can make a product line look les
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!