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Revenue Recognition Principle at Coca-Cola Values: Sales Revenue: $20,000,000 Accounts Receivable: $4,000,000 Bad Debt Expense: $200,000 Requirements: Apply the revenue recognition principle to determine the
Revenue Recognition Principle at Coca-Cola
Values:
- Sales Revenue: $20,000,000
- Accounts Receivable: $4,000,000
- Bad Debt Expense: $200,000
Requirements:
- Apply the revenue recognition principle to determine the amount of revenue Coca-Cola can recognize in its financial statements.
- Calculate the net realizable value of accounts receivable after considering the bad debt expense.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
