Answer:
a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned
Explanation:
When cash is received for revenue yet to be earned, it is called deferred revenue. The entries posted at this point is a Debit to Cash (an increase in cash balance) and a Credit to Deferred revenue (a liability account). When the revenue gets earned, it get recognized with a Debit to Deferred revenue (to reduce the liability as the obligation has been fulfilled resulting in revenue being earned) and a Credit to Revenue (P/L).
Hence, the right option is a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned.
Here are the answers in order: <span>Positive, normative, positive
Positive analysis usually used to find the most efficient way to solve a problem regarding the cost (sometimes it even involve something harsh and unethical)
Normative analysis refers to what should've been done after considering ethical value
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Answer:
it would be 10,000 for 4.00% interest for 4 years.
Explanation:
the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.
That would be true in a true or false scenario. It's better to be safe than sorry - they can mess up your credit, and burn bridges for opportunity for you.
That's another reason why you should guard a social security number with your life and only give it when something's 100% authentic - they can steal your identity from those numbers!
Good luck, rockstar!
I hope you pass, and that this helps!
An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.
<h3><u>How do bilateral contracts work?</u></h3>
A bilateral contract is a <u>legally binding arrangement</u><u> between two parties wherein each exchanges commitments to carry out and execute </u><u>one-half of a deal</u>. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.
Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).
Learn more about Bilateral Contract with the help of the given link:
brainly.com/question/14892242?referrer=searchResults
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