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please answer all According to your textbook, compensating balances are: Multiple Choice Balances in a payroll checking account. Cash in a bank account that can't
please answer all
According to your textbook, compensating balances are: Multiple Choice Balances in a payroll checking account. Cash in a bank account that can't be spent Accounts on which banks pay interest, e.g., NOW accounts. Accounts that are subject to bank service charges. According to FASB, for those contracts that include more than one separate performance obligation: Multiple Choice The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices. Revenue is recognized in the amount of the contract price on the date the contract is signed. Revenue is recognized in the amount of the contract price on the date the last separate performance obligation is satisfied. Revenue is recorded over time at the fair value of each performance obligationStep by Step Solution
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