Answer:
recognized on March 31 after the delivery of the equipment
Explanation:
Revenue is recognized once the recognition criteria is met. These criteria includes;
- the cost of the item sold can be measured reliably
- the items has been delivered or the service has been rendered
Given that the contract specified a delivery date of March 1.
The equipment was not delivered until March 31 and as such, the revenue for the contract should be recognized on March 31 after the delivery of the equipment.
The one that is not an advantage of using the services of an investment company is: D. insurance protection against loss of principal.
The largest risk in every investing actions is the loss of principal. If there is such a thing as insurance protection against loss of principal, people could buy as many shares as they want without having to worry about the potential loss.
Answer: option "A" is correct
Explanation:
It's an official context for other options.
Answer:
Marketing manager
Explanation:
Product mix, also known as product assortment, is the total number of product lines that a company offers to its customers. The product lines may range from one to many and the company may have many products under the same product line as well. All of these product lines when grouped together form the product mix of the company.
Answer:
Explanation:
Loan 3000000
Interest 4%
There are three steps to solve correction of errors entries
Step-1 what entry have been made
Step-2 what should be the actual entry.
Step-3 what should be net entry to make it correct.
Step-1 what entry have been made
Accrued Expense payble 3000000*4% 120000
Cash 120000
Wrong entry that has been in books. instead of recording expense we have reduced the liability by debiting it.
Step-2 what should be the actual entry.
interest Expense 3000000*4% 120000
Cash 120000
The correct entry that should have been made
Step-3 what should be net entry to make it correct.
interest Expense 3000000*4% 120000
Accrued Expense payble 3000000*4% 120000
Now we have debited the expense that should be recorded and to increase the laibility we have credited the liability that have been decreased in entry 1.
