1. An agency is given detailed authority to issue rules similar to the power of statutes with ____

In a bill-and-hold arrangement, revenue only can be recognized after the sale of the goods to the end user.

Verdich [7]

The correct answer is True. When ownership of the items passes to the customer, revenue is realised. In addition to the requirements for determining when control transfers, a reporting entity must also satisfy certain additional requirements for a customer to have achieved control in a bill-and-hold arrangement.

A bill and hold sales arrangement allows for payment in advance of the item's delivery. This is a sales agreement when a product seller invoices a consumer up front but doesn't actually ship the thing until later.

In a bill and hold transaction, the vendor does not deliver the purchased goods to the customer, but the associated income is still recorded. Under this structure, revenue cannot be recognised until a number of severe requirements have been satisfied. The possibility of falsely recognising revenue too early exists otherwise.

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8 0

1 year ago

The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is

Marina86 [1]

<span>This is a corporation. Corporations usually consist of boards of directors and other groups of people, and can continue to exist even after the founders of the business cease to exist or otherwise leave their founding role.</span>

8 0

4 years ago

The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat

abruzzese [7]

Answer:

B and C

Explanation:

The correct statements about the factor-price equalization and the effects of transportation costs are:

Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
Transportation costs prevent product prices from equalizing.

6 0

3 years ago

. If shareholders are granted a preemptive right they will: Select one: a. be able to choose the timing and amount of any future

PtichkaEL [24]

Answer:

Have priority in the purchase of any newly issued shares

Explanation:

Preemptive right is the right given to existing shareholders to maintain the proportion of their investment by buying a proportionate number of shares in any future sales of share.

The main essence of this is to ensure that their ownership interest is not diluted as more shares are issued and new investors come in.

In a preemptive share arrangement , consideration is given to existing shareholders ahead of any other person or entity .

5 0

4 years ago

Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently.

kipiarov [429]

Answer and Explanation:

As per the data given in the question,

1)

Cash flow Amount PV Factor at 10% for 8 annual installments Present Value

Installments $4,000 5.3349 $21,339.60

Down Payment $27,000 1 $27,000

Value of equipment $48,339.60

Refer to the PVIFA factor

2)

Table or calculator function FVAD of $ 1

Future value $570,000

n = 5

i = 7.00%

Divided it by FV factor 6.1533

Annual Deposit $92,633.22

Refer to the FVAD table

3)

Table or calculator function PVAD of $ 1

Payment $137,000

n = 20

i = 10.00%

Multiplied by PV factor 9.36492

Liability $1,282,994.04

Refer to the PVAD table

5 0

3 years ago

1. An agency is given detailed authority to issue rules similar to the power of statutes with _____ rule making.