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elixir [45]
3 years ago
7

Which of the following is most likely to be considered revenue, according to the Financial Accounting Standards Board’s definiti

on? Multiple Choice A company in the business of manufacturing scientific devices recognizes a gain from the sale of agricultural land from the fringes of its corporate campus. A pharmaceutical firm receives an anonymous donation to settle a liability owed to a municipality. A web streaming company fulfills a 12-month service term paid by customers in advance.
Business
1 answer:
sesenic [268]3 years ago
8 0

Answer:

A web streaming company fulfills a 12-month service term paid by customers in advance.

Explanation:

Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.

As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.

In second case the pharmaceutical company receives donation which is anonymous.

All the things are not revenue for company.

It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.

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The LIFO reserve is the difference between the inventory valuation as reported under: Multiple choice question. LIFO and the amo
Mnenie [13.5K]

Answer:

One Of Them, I Think, Is Called The LIFO reserve

Explanation:

5 0
3 years ago
2. What would you say to some who said that citizens had no right to know where their federal income tax money goes?
DochEvi [55]

Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.

4 0
3 years ago
When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,
Romashka-Z-Leto [24]

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and <u>conclude on a reassuring note.</u>

Explanation:

Certain points that are to be kept in Mind when writing a  Condolence Messages  are:

  • Don't unintentionally say the wrong thing in a sympathy message
  • The Condolence message should be short and crisp
  • In the message try to recall a funny memory of the deceased.
  • In the message ,you should not simply sign rather mention your full first and surname.
  • Don't mention any financial obligation of the deceased or offer any financial help
  • Don't try to offer any other help like cooking a good meal

Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and <u>conclude on a reassuring note.</u>

3 0
3 years ago
Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1
kkurt [141]

Answer:

17.76%

Explanation:

The computation of the time-weighted return on your investment is given below

But before that we have to do the following calculations

Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%

Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%

Now the time weighted return is

(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)

= 1.1412 × 1.2151

= √1.3867 - 1

= 17.76%

8 0
2 years ago
What can you conclude about the relationship between the slope of the demand curve above and its elasticity?
NemiM [27]

Answer:

By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.

6 0
3 years ago
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