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jolli1 [7]
3 years ago
7

Smart Touch Learning normally performs​ e-learning services for​ $500. However, Smart Touch Learning performed services for a cl

ient for a discounted price of​ $400. According to the revenue recognition​ principle, Smart Touch Learning would record this revenue for​ $400. True or false?
Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

TRUE

Explanation:

According to the revenue recognition it will follow an accrual basis. It record the revenue as earned as the services were perform during the current accounting period.

It will recognize revenue for 400 as it was the amount the parties agree upon.

The common fee's of Smart Touch uhsually are irrelevant.

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Answer: a. The merged firm will operate at higher capacity and may be able to reduce costs through economies of scale and perhaps learning-by-doing, which will benefit U.S. consumers.

Explanation:

A merger occurs when two companies comes together and becomes one. This is done in order to expand the recah of a company, gain a market share, and also expand into new segments.

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3 years ago
Saxon Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows. Sa
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7 0
2 years ago
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Alex_Xolod [135]

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Explanation:

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4 0
3 years ago
Under which set of circumstances would it not be appropriate to assume the value the noncontrolling shares is the same as the co
BaLLatris [955]

Answer:

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Under the situation where the active prices for the shares are not acquired by the acquirer states a different value, it is not appropriate to assume the value of the non-controlling shares same as of the controlling shares.

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3 years ago
When identical units of an item are purchased at different costs,
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When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

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3 years ago
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