Revenue in a business transaction is recognized <u>When </u><u>goods </u><u>or </u><u>services </u><u>are </u><u>provided </u><u>to </u><u>customers </u><u>and at the </u><u>amount expected </u><u>to be </u><u>received </u><u>from the customer. </u>
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<h3>What is revenue?</h3>
- Refers to the amount paid to a company for the provision of goods and services.
- Can only be recognized when that good or service has been provided to the customer.
Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.
In conclusion, option C is correct.
Find out more on revenue recognition at brainly.com/question/1380073.
$504000 is the actual return
<u>Explanation:</u>
particulars calculation Amount
Service cost 700000
Interest cost
480000
Less: Expected return
576000
Prior service cost 48000
Net loss 30000
Pension expense 682000
Therefore, the pension expense is $682000
<u>The computation is as follows for the calculation of return (in $000’s)
</u>
<u>Plan assets
</u>
Beginning = $5760
Actual return = ?
Cash contributions = 696
Less: Retireee benefits = (624)
Ending balance = $6336
Thus after solving this, we get the actual return that is equal to = $504,000
Answer:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
Explanation:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
13%×$26,300= $3,419
$3,419 +$730=$4,149
Answer: Market penetration
Explanation: Comparison to the total potential market for that good or service, market penetration is a representation of how much a client uses a product or service. When developing strategies to raising the share of the market of a particular good or service, market penetration may also be used.
A paragraph explaining the role, markets and competitive advantages of a corporation; a brief written statement of objectives and principles of your organization is called its mission.
Thus, market penetration can only help in increasing market share and is not used for nay structural change leading to change in mission. Thus, we can conclude that the correct option is C.