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Verdich [7]
1 year ago
9

A publisher receives cash for a magazine subscription during Year 1. The publisher sends magazines on a monthly basis to that cu

stomer in Year 2. According to the revenue recognition principle, the publisher should report the related magazine subscription revenue in its income statement for Year 1 since it received cash for the magazine subscription in Year 1.
Business
1 answer:
lawyer [7]1 year ago
8 0

Answer:

FALSE

Explanation:

The revenue recognition principle state the firm will only reocgnize a revenu once the sercvice is performed. in this case the revenu should be recognize over time after each magazine is delivered or through adjusting entries at year-end or quarter-end. Never entirely as this represent an obligation to delivwer this magazines or return the money. It isn't revenue. It is a liability which becomes revenue over time.

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When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that pe
Dimas [21]

Answer:

Option A is correct one.

Competing

Explanation:

When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that person is using the conflict-handling intention of <u>Competing.</u>

When one person seeks to satisfy his or her interests regardless of the impact on the other parties to the conflict, he is competing. The competition involves authoritative and assertive behaviours.

8 0
1 year ago
The ​ S&amp;P 500 index delivered a return of 10​%, 15​%, 15​%, and −25​% over four successive years. What is the arithmetic ave
natali 33 [55]

Answer:arithmetic average annual return per​ year= 3.75%

Explanation:

Year 1 = 10%

Year 2= 15%

Year 3 = 15%

Year 4 = -25%

total return = 15%

Arithmetic average annual return per year =(Return of year1 + return of year 2 + return of year 3+ return of year 4 )/4 =  15% /4 = 3.75%

5 0
2 years ago
On October 1, Year 1, Jason Company paid $7,200 to lease office space for one year beginning immediately. What is the amount of
victus00 [196]

Answer:

The amount of rent expense that will be reported on the Year 1 income statement is $1,800 .

The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $5,400.

Explanation:

Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.

The duration of the payment is 12 months, hence  

Monthly amortization = $7,200/12 = $600

Rent expense for year 1 = $600 × 3 = $1,800

The ending balance in the prepaid rent account will be  

= $7,200 - $1,800

= $5,400

This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.

6 0
1 year ago
Sheridan Company purchased a delivery truck. The total cash payment was $43,718, including the following items. Negotiated purch
rosijanka [135]

Answer:

the cost of the delivery truck is $40,698

Explanation:

The computation of the cost of the delivery truck is given below:

Negotiated purchase price $34,800

Installation of special shelving $2,880

Painting and lettering $930

Sales tax  $2,088

Cost of the delivery truck $40,698

Hence, the cost of the delivery truck is $40,698

The same should be considered and relevant

7 0
1 year ago
After years of customer feedback, Bank of Bux is finally going paperless. The bank's communications team promoted the strategy b
swat32

Answer:

2) an area where the firm can contribute to the green effort, as well as cut costs.

Explanation:

Banks and most private companies are continually looking for ways to reduce costs so that they can make larger profits. In this case, the bank will probably cut some costs by not using paper anymore.

The fact that it can be seen as a green effort is a plus to the cost saving. Green efforts are usually heavily publicized, even more if it's a bank. Banks usually have bad reputations so whatever makes them look good, and better if it's free (or in this case they even save money), just suits them perfectly.

4 0
1 year ago
Read 2 more answers
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