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
V125BC [204]
3 years ago
15

The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit

to a revenue account. c.includes a credit to an asset account. d.is the same journal entry as recording revenue on account.
Business
1 answer:
motikmotik3 years ago
8 0

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

You might be interested in
Loyal customers are price _____________ compared to brand-shifting patrons.
tester [92]
“Price insensitive” would be the closest answer
4 0
3 years ago
A job sample performance test requires that the applicant actually do a sample of the work that the job involves. Which of the f
igor_vitrenko [27]

Explanation:

progiram if the computer

6 0
2 years ago
Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equi
jek_recluse [69]
I would say that since the debt to equity ratio is the total liabilities divided by the total stockholder's equity is then $16,492,000/$12,400,000= 1.33. The debt to equity ratio is an indication of the amount of debt being used by a company to provide money to its assets relative to the amount of shareholder's equity.
3 0
3 years ago
Village East expects to pay an annual dividend of $1.40 per share next year, and $1.68 per share for the following two years. Af
VashaNatasha [74]

Answer:

$15.15

Explanation:

Given:

  • D1 = $1.4
  • D2 = $1.68  
  • Growth = 3.4% = 0.034
  • Discount rate = 13.7 % = 0.137

As we know that:

  • P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86

So, P0:

= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373

= $15.15

Hope it will find you well.

8 0
3 years ago
If Sue, owner of Camp Bow Wow in Boulder, Colorado, says Heidi Granahl, CEO and founder of Camp Bow Wow, is a leader who establi
sashaice [31]

Answer:

the correct answer to this question is the "Country Club Leadership Style". However, what you should remember is that you might come across different names for this such as "Laizes Faire Leadership", etc...

Explanation:

In this style of leadership, the main assumption is that wen the employee are happy, they will naturally work better for the company. However, lack of regulation and guidance may end up with a not-so-well disciplined work force and usually this style does not work with every type of employees.

Moreover, this style focuses more on creating a safe working environment with minimal conflict.

6 0
3 years ago
Other questions:
  • Select all that apply.
    7·2 answers
  • Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive
    11·1 answer
  • Under the Precedence Diagramming Method, the situation which occurs when two activities can start at different times, have diffe
    10·2 answers
  • Which of the following sentences uses correct punctuation​
    5·1 answer
  • In 1993, when Fischer began his tenure at Kodak, the film industry was evolving from one type of change which was slow to anothe
    8·1 answer
  • A broker lists a property for $87,500 at 7% commission on the first $50,000 and 5% on the balance. The property sells for 4% les
    9·1 answer
  • repps Corporation produces a single product. Last year, Krepps manufactured 25,000 units and sold 20,000 units. Production costs
    8·1 answer
  • Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employmen
    5·1 answer
  • An investment product promises to pay $42,000 at the end of 10 years. If an investor feels this investment should produce a rate
    9·2 answers
  • Expenses that are not easily traced to a specific department, and which are incurred for the joint benefit of more than one depa
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!