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
stira [4]
4 years ago
5

The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of asset associated with rev

enue to be in a form other than cash, and (3) measures the amount of revenue as the cas plus the cash equivalent value of any noncash assets received from customers in exchange for goods or servi is called the:____________ A. Going-concern assumption. B. Cost principle. C. Revenue recognition principle. D. Objectivity principle. E. Business entity assumption.
Business
1 answer:
Tanya [424]4 years ago
6 0

Answer:

The correct answer is C

Explanation:

Principle of Revenue recognition, is the one of the foremost and vital principle of accounting, which is also the cornerstone of the accrual accounting along with the matching principle.

Under this principle, the revenues are recognized or ackowledged when they are realized or earned, which is generally when the goods are transferred or the services are rendered, irrespective of when cash is received.

So, the rule which says revenue to be recognized when earned and measure the revenue amount equal to value of non- cash assets received from clients is known as revenue recognition principle.

You might be interested in
Harry has joined the marketing department of KC Cola. While going through some files, he came across a document designed for a p
fredd [130]

Answer: (B) <em>Marketing Plan</em>

Explanation:

Under the given scenario a marketing plan is most likely to contain information regarding the given variables. A marketing plan is known as a  document that outlines our strategy and tactics regarding our marketing. It often tends to focus on a specific time period and thereby covers several details related to marketing, such as goals, action steps and costs.

5 0
4 years ago
Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by
ELEN [110]
<h2>Answer:</h2><h2><em><u>i</u></em><em><u> </u></em><em><u>don't</u></em><em><u> </u></em><em><u>know</u></em><em><u> </u></em></h2>

Explanation:

<h2><em><u>because</u></em><em><u> </u></em><em><u>im</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em><em><u>grade</u></em><em><u> </u></em><em><u>3</u></em><em><u> </u></em></h2>
8 0
3 years ago
The Moore Corporation had operating income (EBIT) of $700,000. The company's depreciation expense is $140,000. Moore is 100% equ
Nastasia [14]

Answer:

The net cash flow is $560,000

Explanation:

The computation of the net cash flow is shown below:o

= Operating income + depreciation - tax expense

= $700,000 + $140,000 - $280,000

= $560,000

The tax expense is calculated by

= Operating income × tax rate

= $700,000 × 40%

= $280,000

For computing the net cash flow, we have to add the depreciation expense and deduct the income tax expense.

4 0
4 years ago
Explain the four characteristics of a mineral?
vivado [14]
The 4 Major characteristics of a mineral are:
1. It is formed  by natural processes, not man-made.
2. It is inorganic, it's not alive, it will never be.
3. It is a crystalline solid, a definite volume and shape with a repeating structure.
4. It can be an element or compound with a definite chemical composition, made the same each time with and orderly arrangement of atoms. 
3 0
3 years ago
Read 2 more answers
Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 30​% coupon for the​ in-store purchase. The
Alex17521 [72]

Answer:

Buy in-store.

Explanation:

The Polya technique suggests the following steps to solve a problem:

Step 1: Understand the problem.

Nathan is facing two options for buying a new sweatshirt. We need to calculate and compare both prices in order to determine the better buy.

Step 2:  Devise a plan.

To calculate and compare the prices we need to discount the coupons on both options and then buy the sweatshirt with the lower price.

Step 3:  Carry out the plan (solve).

<h2><u>Option A</u></h2>

Price: $36

Discount: -30%

Final price option A : 36 × ( 1 - 30%) = 25.2

<h2><u>Option B</u></h2><h2><u></u></h2>

Price: $32

Discount: -25%

Final price option B: 32 × ( 1 - 25%) = 24

 Step 4:  Look back (check and interpret).

Final price option A < Final price option B.

<h2><em>With this analysis in cosideration, we deduce that the better buy is the option A. In-store purchase.</em></h2>

<em></em>

<h2><u></u></h2><h2><u></u></h2>

5 0
3 years ago
Other questions:
  • Companies that fail to install adequate safety equipment because they feel pressured not to cut into their profits commit a crim
    9·1 answer
  • Buster invents a new camp grill that he names Buster's Burger Blaster. He writes specific instructions about how to use it in a
    9·2 answers
  • A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,
    12·1 answer
  • James is an employee of RVC Corporation. He works from home and regularly communicates with employees at the central office via
    6·1 answer
  • What does the communication technique "slow down and be patient" mean
    8·1 answer
  • Wheeler Company issued 5,000 shares of its $5 par value common stock having a fair value of $25 per share and 7,500 shares of it
    6·1 answer
  • 6. GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists th
    14·1 answer
  • On September 1, 2021, Blue Co., issued $1,600,000 of its 10% bonds at 98 plus accrued interest. The bonds are dated June 1, 2021
    12·1 answer
  • J. Cole Went Platinum With No Features
    14·2 answers
  • After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percen
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!