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
Marina CMI [18]
2 years ago
9

If consideration is received before a contract is identified and the consideration is nonrefundable, revenue may be recognized i

f:
Business
1 answer:
Studentka2010 [4]2 years ago
3 0

Answer: Any of these answer choice is correct.

Explanation:

You didn't put the options to the question. The options are:

• There is no remaining obligation to transactions goods.

• The contract has been terminated.

• Goods have been delivered.

• Any of these answer choice is correct.

When consideration has been received before a contract is identified and the consideration is nonrefundable, then the revenue may be recognized when:

• There is no remaining obligation to transactions goods.

• The contract has been terminated.

• Goods have been delivered

Therefore, the correct option is any of the answer choice is correct.

You might be interested in
During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $5, 310
mariarad [96]

Answer:

See the attached picture for detailed answer.

Explanation:

See the attached picture for explanation.

7 0
3 years ago
What happens to your tax liability with proper financial planning?
Ilya [14]

Answer:

Minimize is the correct answer for plato users

Explanation:

3 0
3 years ago
Read 2 more answers
Consider a call option on an asset with an exercise price of $100, a put option on that same asset with an exercise price of $10
zubka84 [21]

Answer: The values are missing below are the values

a. $105

b. $95

answer :

a) $5

b) -$5 ( loss )  

Explanation:

From the perspective of the long position for each of the two options  upon expiration

a) For $105

for the long position ( long call ) since the expired price > than the exercise price

i.e. $105 > $100 the profit = $105 - $100 = $5

b) For $95

For the long position ( long call ) since the expired price < than the exercise price

i.e. $95 < $100 the profit = $95 - $100 =  - $5  ( a loss is incurred )

5 0
2 years ago
what are the main purposes of a budget? to record the past income and spending. to take a it a student loan from the bank. to pl
Softa [21]
I think its either to balance available resources and expenses or to plan future income and spending
7 0
2 years ago
When Toyota introduced hybrid cars, there were waiting lists to buy them. Then Honda and a few other manufacturers entered the m
Sergeeva-Olga [200]

Answer:

B. Growth.

Explanation:

The growth stage is the period during which the product inevitably and progressively gains acknowledgment among buyers, the industry, and the more extensive overall population. During this stage, the product or the development gets acknowledged in the market, and subsequently deals and incomes begin to increment.

7 0
3 years ago
Other questions:
  • 4. What is labeling theory?|
    5·1 answer
  • Have opened up new horizons for proactive and reactive investigations of consumer fraud because an investigator can begin develo
    6·2 answers
  • Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th
    8·1 answer
  • When tax revenue exceeds government spending​ (government purchases and transfer​ payments) there is ▼ a budget surplus dissavin
    14·1 answer
  • Central Systems desires a weighted average cost of capital of 12.7 percent. The firm has an aftertax cost of debt of 4.8 percent
    13·1 answer
  • On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue a
    12·1 answer
  • Some people believe that the shuttle should have been better engineered for crew safety, including provisions for repair of the
    11·1 answer
  • Rod Dall Co. reports net income of $69,000. The income ratios are Rod 50% and Dall 50%. Indicate the division of net income to e
    12·1 answer
  • A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units)
    5·1 answer
  • Amounts withheld from employee's earnings for employee income tax is considered a _____ by the employer until the government is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!