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
lawyer [7]
3 years ago
14

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up

the bike on August 1 and mails the payment to Orange County on August 5. Orange County receives the check in the mail on August 6. When should Orange County show that the revenue was recognized?
a. July 31

b. August 1

c. August 5

d. August 6


d. Neither accrual-basis nor cash-basis accounting
Business
1 answer:
mel-nik [20]3 years ago
8 0

Answer:

a. July 31

Explanation:

According to the revenue recognition principle, the revenue is recorded when the revenue is realized or earned not when the cash is received. There is no effect on cash receipt in this principle

Whether cash is received or not, the revenue is recognized when the service is provided to a customer

According to the given scenario, the service is performed so it is on July 31

You might be interested in
Which of the following is an example of sales promotion?
Lena [83]

Answer:

B- special offers and free gifts

Explanation:

best answer would be B because you are doing a special offer and that is a sale. Along with free gifts.

6 0
3 years ago
An agent of a broker-dealer puts up a website that promotes the benefits of dollar cost averaging, including the caveat that it
Ad libitum [116K]

Answer:

"The broker-dealer or agent may only transact business in the State if registered in the State or if exempted or excluded from registration" and "Follow ups or individualized responses to persons in the State that involve either effecting or attempting to effect transactions in securities will not be made absent compliance with State registration requirements or an applicable exemption or exclusion"

Explanation:

Uniform securities act is a state level regulation of transactions in securities at the state level. It effectively prevents securities fraud and contributes to Securities and Exchange Commission (SEC) function of enforcing regulation.

Registration is required when there are initial publica offerings. Registration is also required from agents such as broker dealers and investment advisers.

In this case an agent of a broker-dealer puts up a website that promotes the benefits of dollar cost averaging, including the caveat that it is suitable for investors only if they can maintain their periodic payments regardless of economic conditions and that it requires a long-term investment time horizon.

There is need for disclosure in a state where the agent is not registered. So that when clients view the website they do not violate the Uniform Securities Act.

The disclosure chosen above is sufficient to cover the agent

3 0
3 years ago
Will gie 5 star thanks and brainly
kogti [31]

Answer:

Try True, True, False, and guess on the last one I'm sorry if you get this wrong

Explanation:

7 0
3 years ago
Open the pt activity. perform the tasks in the activity instructions and then answer the question.which interfaces in each route
Tomtit [17]
<span>R1: G0/0 and S0/0/0
R2: G0/1 and S0/0/0

R1>enable
R1# show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 192.168.20.1 YES manual up up
GigabitEthernet0/1 192.168.30.1 YES manual administratively down down
Serial0/0/0 209.165.200.225 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down

R2>enable
R2#show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 10.1.2.1 YES manual administratively down down
GigabitEthernet0/1 10.1.3.1 YES manual up up
Serial0/0/0 209.165.200.226 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down</span>
4 0
4 years ago
Elizabeth Pie Company has been in business for 50 years and has developed a large group of loyal restaurant customers. Giant Bak
Zolol [24]

Answer:

goodwill = $195,000

Explanation:

goodwill = offered purchase price - fair value of assets - fair value of patents = $5,100,000 - $4,600,000 - $305,000 = $195,000

Customer loyalty is part of a company's goodwill, so it will not be included in this calculation. Goodwill is the difference between the acquisition price of a company and the fair value of its assets.

5 0
3 years ago
Other questions:
  • Adjustments for prepaid expenses: Select one: a. decrease assets and increase revenues. b. decrease expenses and increase assets
    15·1 answer
  • You plan to go to school this summer. if you do, you won't be able to to take your usual summer job that pays $11,000 for the su
    10·1 answer
  • How does advertising influence the job roles in a purchasing department and business buying decisions?
    14·1 answer
  • what is the name of the device that senses the current flowing, tripping the curcuit, and cutting off the electricity?
    11·1 answer
  • Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 25 million bottles of wine were sold ev
    13·1 answer
  • The following information is provided by Adametz​ Company: WIP​ Inventory, January 1 0 units Units started 7 comma 600 Units com
    11·1 answer
  • Marissa is traveling in Great Britain and is surprised when the server brings her cookies when she ordered biscuits for breakfas
    7·1 answer
  • Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a f
    13·1 answer
  • In the two-country model of international labor mobility:________
    6·1 answer
  • The Jones Brothers recently established a trust fund that will provide annual scholarships of $12,000 indefinitely. These annual
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!