FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help this q. 4. On July 22, 2019, Johnston Roofing Company received $60,000 cash from their client to repair the roof of their

image text in transcribed
i need help this q.
4. On July 22, 2019, Johnston Roofing Company received $60,000 cash from their client to repair the roof of their building. They agreed that the work will be started and finished during the month of September, 2019. In which month or months will Johnston Roofing Company report the $60,000 as revenue on their Income Statement? Explain your answer. (4 marks) This site shared vi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Of Sport Management

Business Of Sport Management

Authors: John Beech, Simon Chadwick

2nd Edition

027372133X, 9780273721338

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose that the expected variable costs of Otobais project are 33 billion a year and that fixed costs are zero. How does this change the degree of operating leverage? Now recomputed the operating...

Answered: 1 week ago

Question

★★★★★
The solubility of silver iodate, AgIO 3 , is 1.8 10 -4 M. Calculate the solubility product constant.

Answered: 1 week ago

Question

★★★★★
In Example 7.6, suppose that potential customers arrive in accordance with a renewal process having interarrival distribution F. Would the number of events by time t constitute a (possibly delayed)...

Answered: 1 week ago

Question

★★★★★
Use the following abbreviations to indicate the journal in which you would record transactions a through n. J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP =...

Answered: 1 week ago

Question

★★★★★
You are considering buying stock in Bergkamp Mining. Its most recent dividend is $2.75 and its dividends have grown at an average annual rate of 4% over the last 10 years. However, the annual...

Answered: 1 week ago

Question

★★★★★
Comprehensive Problem 5 Part A: Note: You must complete part A before completing parts B and C . Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8 - ounce...

Answered: 1 week ago

Question

★★★★★
Identify and list the functional components (aperture, receiver, storage, distribution, mechanism, and control mechanism) for each of these SECSspictured. SECS description Aperture Receiver Storage...

Answered: 1 week ago

Question

★★★★★
A. Show the solution for each. Compute in details the Variable Manufacturing Overhead Variances - Spending and Efficiency. B. Show the solution for each. Compute in details the Fixed Manufacturing...

Answered: 1 week ago

Question

★★★★★
The related data: The following transactions of Marian Company for the month of June are as follows: 1. Purchase merchandise on account of 200,000 with freight of 20,000 of goods to supplier. 150,000...

Answered: 1 week ago

Question

★★★★★
Question 3 The temperature in C over a flat surface is described by the function T(x, y) = xy+ 2x + y. (a) Determine all local stationary points of the temperature function and classify them....

Answered: 1 week ago

Question

★★★★★
Use Simpson's Rule with n = 10 to estimate the arc length of the curve. (Round your answer to four decimal places.) y = ex 0 x 6 Find the answer produced by a calculator or computer to compare with...

Answered: 1 week ago

Question

★★★★★
=+Write a convincing :60 radio spot and a :30 TV spot for Lavakan Automatic Dog Wash or any other perfect pooch automatic doggie wash. You can use any technique like product demonstration,...

Answered: 1 week ago

Question

★★★★★
=+Here are a few familiar examples, in addition to the abovementioned ones: milk mustache (California Milk Processor Board), Clydesdales and Dalmatians (Budweiser), cool guy versus geek (Apple), the...

Answered: 1 week ago

Question

★★★★★
=+Go to these and other websites for more information about Jones soda: http://www.jonessoda.com/ and http://en.wikipedia.org/wiki/Jones_Soda_flavor_list.

Answered: 1 week ago

Previous Question Next Question