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yanalaym [24]
3 years ago
8

In June 30, a printing shop provides $1,000 of services to a customer to custom print restaurant menus. The customer is sent a b

ill on July 5 for the amount due. A check in the amount of $1,000 is received from the customer on July 25. The printing shop follows GAAP and applies the revenue recognition principle. When is the $1,000 sale recognized? July 5. July 1. July 25. June 30.
Business
1 answer:
lisabon 2012 [21]3 years ago
5 0

Answer:

The answer is: June 30

Explanation:

The revenue recognition principle states that revenue should be recognized on the period in which the company has substantially completed the earning process.

The printing shop delivered menus worth $1,000 on June 30, so we can consider that it had substantially completed the earning process.

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3 years ago
A 2-year bond with par value $1,000 making annual coupon payments of $106 is priced at $1,000. a. What is the yield to maturity
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Answer:

Explanation:

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Answer:

my mind is blank. how is even an adult supposed to answer this. i read it and it makes no sense. pls rethink before u send ok?

just a top tip for u

Explanation:

5 0
3 years ago
Read 2 more answers
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