subject
Business, 10.03.2022 04:40 brisacruz013

For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting).
a. On December 7, Oklahoma City Thunder sold a $104 ticket to a basketball game to be played in March.
b. Tesla sold and delivered a $72,000 car on December 25. The customer will not pay until February.
c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $24,000 due at the end of the
contract. On December 31, 75% of the services have been completed.


For each of the following separate situations, determine how much revenue is recognized in December

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
question
Business, 22.06.2019 21:00
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
question
Business, 22.06.2019 21:30
Russell's study compared gpa of those students who volunteered for academic study skills training and those who did not elect to take the training. he found that those who had the training also had higher gpa. with which validity threat should russell be most concerned?
Answers: 2
question
Business, 22.06.2019 23:00
The discussion of the standards for selection of peanuts that will be used in m& ms and the placement of the m& m logo on the candies speaks to which building block of a sustainable competitive advantage:
Answers: 1
You know the right answer?
For each of the following separate situations, determine how much revenue is recognized in December...
Questions
question
Chemistry, 16.12.2020 02:30
question
Mathematics, 16.12.2020 02:30
question
English, 16.12.2020 02:30
question
Biology, 16.12.2020 02:30
Questions on the website: 13722363