Answer:
False.
Explanation:
The revenue recognition principle states that revenue should be recognized and recorded when it is realized or realizable and when it is earned. In other words, companies shouldn’t wait until revenue is actually collected to record it in their books.
Revenue should be recorded when the business has earned the revenue even it has not been paid by customers to finance expenditures
Answer: national union president
Explanation:
Since she wasn't paid for overtime, Cooke should contact her national union president, who represents union members to management when workers have complaints.
The aim of the national union is to seek solution to any challenges that are faced by their members. The union also make sure that their members have a comfortable working environment that is safe and also help on negotiating for better pay.
Answer/Explanation
Training allows the organization members to grow their knowledge base and improve their job skills to become more effective. Without training, there will be despondent employees, higher employment turnovers, low production rates, an unsafe working environment, abortive staff management, increased expenses, and loss of customers.
I hope this helps
Answer:
When accounting for revenue over time for a long-term contract, the percentage of completion used to recognize revenue in the first year usually is determined by measuring Costs incurred in the first year, divided by estimated total costs for the completed project
Explanation:
The percentage of completion method of revenue recognition is a concept in accounting that refers to a method by which a business recognizes revenue on an ongoing basis depending on the stages of a project’s completion.
In other words, the percentage of completion method is used for longer-term projects and recognizes revenue and expenses as a percentage of the project’s completion during the period.
Answer:
The statement is: False.
Explanation:
Net Income <em>is the result of subtracting a company's expenses in generating income from the total revenue and deducting taxes from that figure</em>. The net income may be distributed as a dividend among common stock shareholders or retained by the company. Instead, capital refers to financial resources such as equity, debt, trading, and working capital.
