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ANTONII [103]
2 years ago
10

List one thing you SHOULD do if your car loan suddenly becomes too expensive.

Business
1 answer:
Sphinxa [80]2 years ago
5 0

Answer:

Modify Your Auto Loan.

Refinance Your Vehicle Loan.

Trade-in Your Car.

Let Someone Else Assume Your Loan.

Sell Your Vehicle.

Turn the Keys In.

Let Your Car Be Repossessed.

File for Bankruptcy.

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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
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Money owing to bank, Motor Van, Stock of goods

Explanation:

7 0
2 years ago
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8 0
3 years ago
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Owns taxi (automobile) worth $1,315 A. Asset C. Both B. Liability D. Neither
lys-0071 [83]
A automobile would be a asset

5 0
3 years ago
Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.
irina1246 [14]

Answer:

The correct answer is letter "B": 180.

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During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

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