<span>Stockholders who sell their stock back to the company might claim that they were not made fully aware of all implications of the repurchase. The price of the firm's stock might benefit ore from ash dividends than from a repurchase.</span>
Answer:
The answer is given below;
Explanation:
Accounts Receivable-before write off $180,000*(1-3%)=$174,600
Accounts Receivable-after write off $179,000*(1-3%)=$173,630
Accounts receivable after write off does not include smith receivable as it has been specifically provided before providing allowance for doubtful accounts.This is the major difference between both workings.
Answer:
a. Record the adjusting entry related to outstanding checks, if necessary.
No adjusting entry is necessary for recording outstanding checks.
b. Record the adjusting entry related to bank service charges, if necessary.
June 30, 202x, bank fees expense
Dr Bank fees expense 20
Cr cash 20
c. Record the adjusting entry related to Check No. 919, if necessary.
June 30, 202x, adjusting entry for mistake on recording Check No. 919
Dr Cash 9
Cr utilities expense 9
d. Record the adjusting entry related to the June 30 deposit, if necessary.
No adjusting entry is necessary for recording deposits on transit.
Answer:
The correct answer is "Technological Requirements
".
Explanation:
- Throughout the field of computing and development of systems, technological requirements are considerations necessary to produce a request to make or action from such an organization to determine the expectations and needs of either a customer.
- Technical specifications may apply to technologies such as software, hardware as well as software-driven electronic equipment.
So that the given scenario is "Technological Requirements
"
Answer:
Yes, it is<u> true</u> that If the performance obligation is not highly dependent on, or interrelated with, other promises in the contract, then each performance obligation should be accounted for separately.
Explanation:
A performance obligation exists when an entity provides a distinct product or service.
It is a promise to provide a “distinct” good or service to a customer.
When there are multiple promises in a contract, companies will need to determine whether those goods or services are distinct, and therefore separate performance obligations for to avoid ambiguity.
Performance obligations in each contract can be identified by a company by first considering whether or not the goods or services are distinct.
If distinct, a customer can benefit from the good or service on its own because the good or service is separable from the other goods or services in a contract.