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mr_godi [17]
3 years ago
15

The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:

Business
1 answer:
sleet_krkn [62]3 years ago
4 0

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

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Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea
max2010maxim [7]

Answer:

Total FV= $678.615.02

Explanation:

<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

<u>Now, the total future value after 25 years:</u>

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

6 0
2 years ago
hen a board of directors determines a specific profit goal, marketing managers usually implement a(n) Blank______ objective.
AveGali [126]

When a board of directors determines a selected profit goal, advertising managers commonly enforce a target return objective.

Target return Objective-

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learn more about investment portfolio here: brainly.com/question/1869290

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7 0
1 year ago
Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to
Dominik [7]
<span>While the new helmets decrease the probability of a serious head injury resulting from a bike accident, they also incentivize cyclists to ride less safely, which could increase the number of bike accidents and thus head injuries to cyclists
</span>

<span>Although the new helmets reduce the probability of head injuries, such an outcome changes the incentives of cyclists by making them less cautious</span>


5 0
3 years ago
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Suppose that the Lorenz Curve for the U.S. in 2019 lies completely below the Lorenz Curve for Switzerland in 2019. This implies
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5 0
2 years ago
Royal Dutch Shell(RDS) acquires ethanol fuel from Brazilian Cosan energy company. The Ethanol costs 500 million Brazilian Real(B
Fudgin [204]

Answer:

The answer is 5000 future contracts

Explanation:

Solution

Given that:

Royal Dutch buys ethanol fuel from Brazilian energy company

Nowm,

The Required coverage = 500,000,000

The BRL/USD futures contract size = 100,000

Number of contracts required = 500,000,000/100,000

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= 500,000,000/100,000  = 5000

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3 0
3 years ago
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