If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as Debit Cash, credit Unearned Revenue.
A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.
Learn more about receipt here
brainly.com/question/9740546
#SPJ4
Answer:
The correct answer is letter "A": True.
Explanation:
Nonmonetary assets are objects a firm possesses in which cash value is complicated to determine for accounting purposes. The value of those assets may vary with time in front of different economic scenarios. When these types of assets are sold in markets where there is few to no liquidity and the calculated amount for the object is not transferred, the loss is recognized as it happens.
Answer:
$60.00
Explanation:
Calculation to estimate the stand-alone selling price
Hara Amount $ Note
Staff compensation $50.00
Mark up % 20%
Mark up amount $10.00
(20%*$50)
Standalone selling price of club fitting services $60.00
($50.00+$10.00)
Therefore the estimated stand-alone selling price will be $60.00
Answer:
It will capitalize 245,000 to recognize the patent intangible asset
Explanation:
It will capitalize the entire research adn development cost as well as the fees and registration cost as are part of the incurred cost needed to obtain the patent
Therefore: 204,000 + 41,000 = 245,000
I say around 15-25 yrs but really i am not sure just being honest
