ton 17 In revenue recognition, an allocation is needed if more than one performance obligation exists. This allocation is usually based on a weighted average of Jet ered s out of ag question Select one: O a. Market values b. Present values O c. Book values O d. Contract Values ton 18 In a four-column December proof of cash reconciling Bank to Book, which item would appear as an addition in columns two and four? et ered s out of og question Select one: O a. December collection by bank O b. December deposit in transit O c. December service charge O d. December outstanding check Con 19 Which statement is TRUE? et ered s out of g question Select one: O a. At year-end, a journal entry to increase assets by the estimate of future inventory returns should be made O b. Inventory on consignment should be included in the consignee's inventory count until sold O c. For assurance-type warranties, warranty expense is allocated over the life of the warranty O d. For service-type warranties, warranty revenue is recorded in the year of the sale of the additional warranty