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Lelu [443]
3 years ago
13

The new ASC Topic 606 for revenue recognition:

Business
1 answer:
denpristay [2]3 years ago
5 0

Answer:

addresses when and how revenue should be recognized in contracts that provide both goods and service to customers.

Explanation:

ASC 606 is a new standard that provides guidance on revenue recognition to the companies that provide goods and services to its customers. This standard is for both public and private entities. Earlier there were some variations in the revenue recognition process across different companies. The new standard has now simplified standardization in financial reporting.

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Imperfect markets: do not exist in democracies. always result in supply exceeding demand. always result in demand exceeding supp
Korolek [52]

Answer:

The correct answer is: when buyers and sellers have influence on price.

Explanation:

The imperfect market situations exist when there are few buyers or sellers such that they are able to influence the market. For instance, in a perfectly competitive market, there is a large number of buyers and sellers. So, any single buyer or seller is not able to influence the market. The price and output are determined by the market forces.  

In an imperfect market such as monopoly or oligopoly, few firms exist so they are able to fix output and price on their own.

5 0
3 years ago
Candy crunchers wants to see if their new candy is enjoyed more by high school or middle school students. they decide to visit o
lukranit [14]
The answer would be: all students who attend one middle school and one high school in Miami, FL. As the company, Candy Crunchers, only took surveys from one high school and one middle school only, that would be the sample of the population.
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Why are savings tools ideal for storing emergency savings? identify at least two reasons. (2 points?
Vinvika [58]
It’s secure and liquid. Hopes this helps!!!!!

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2 years ago
On June 10, Sheridan Company purchased $7,700 of merchandise from Crane Company, terms 3/10, n/30. Sheridan Company pays the fre
sveta [45]

Answer:

Sheridan Company journal entries:

June 10

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June 11  

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June 19

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4 0
3 years ago
If the potential gross rental income from a property is $20,000, the vacancy rate is 5 percent, and the additional income from t
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