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

Question

1 Approved Answer

O.K.C. Company collected $21,000 in September of 2016 for 4 months of service which would take place from October of 2016 through January of 2017.

image text in transcribed
O.K.C. Company collected $21,000 in September of 2016 for 4 months of service which would take place from October of 2016 through January of 2017. The revenue reported from this transaction during 2016 would be O A $0. OB. $5,025 oc $21,000 OD. $15,750

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

Auditing CPA Exam Review

Auditing CPA Exam Review

Authors: Becker

1st Edition

1943628696, 978-1943628698

More Books

Students also viewed these Accounting questions

Question

★★★★★
The AutoDoctor Body Shop uses a job order cost system to determine the cost of performing automotive body and repair work. Estimated costs and expenses for the coming period are as follows: Auto...

Answered: 1 week ago

Question

★★★★★
Heating and cooling of a building can be modeled by the ODE T' = k1(T Ta) + k2(T Tw) + P, where T = T (t) is the temperature in the building at time t, Ta the outside temperature, Tw the...

Answered: 1 week ago

Question

★★★★★
6. How do the stories of your mad scientist characters resolve? Do they in some way encounter and integrate their mad creations?

Answered: 1 week ago

Question

★★★★★
On October 1, Lou Marks opened Eagle Restaurant, Inc. Marks is now at a crossroads. The October financial statements paint a glowing picture of the business, and Marks has asked you whether he should...

Answered: 1 week ago

Question

★★★★★
ACTG 4650 Assignment 8 Due April 18 Company A leased new equipment from Lessor Corp. on January 1, 2017, for a period of three years. Lease payments of $100,000 are due to Lessor Corp each year with...

Answered: 1 week ago

Question

★★★★★
4) Indirect manufacturing costs: A) may include both variable and fixed costs B) can be easily identified with the cost object C) generally include the cost of material and the cost of labor D) can...

Answered: 1 week ago

Question

★★★★★
1. 2. San Jose Inc. uses a weighted-average process costing system. All materials are introduced at the start of manufacturing, and conversion cost is incurred evenly throughout production. The...

Answered: 1 week ago

Question

★★★★★
A cake maker has determined that the cost of producing wedding cakes is $61.50 per wedding cake plus $16620 per month in fixed costs. The cake maker sells each wedding cake for $200. Step 2 of 4:...

Answered: 1 week ago

Question

★★★★★
Research about Park Hyatt Melbourne . Would you be able to help me with these questions below with a link attached to each question so I can have a look if I need to find more information? Customer...

Answered: 1 week ago

Question

★★★★★
The sheet metal part has the dimensions shown. Determine the z-coordinate (z bar) of its centroid. Given that a=5.1 m, b=7.7 m and c=4.5 m. Round off the answer to 2 decimal places and use the unit...

Answered: 1 week ago

Question

★★★★★
Write the formulation only to Maximize the volume of the rectangle, given that the area is 6 mm^2, using NON-LINEAR PROGRAMMING

Answered: 1 week ago

Question

★★★★★
5. If yes, then why?

Answered: 1 week ago

Question

★★★★★
6. How would you design your ideal position?

Answered: 1 week ago

Question

★★★★★
4. What reaction would you expect of employees at the conventional level?

Answered: 1 week ago

Previous Question Next Question