What is the instalment method of recognizing revenue? Under what circumstances should it be used?
Question:
What is the instalment method of recognizing revenue? Under what circumstances should it be used?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
b) Briefly describe what the Adobo is, is made of, or how it is used
-
b) Briefly describe what the Kaeng is, is made of, or how it is used
-
Watch the video "Ongka's Big Moka" What form, or forms, of production is being used
-
If y=tan-13/t^2 find dy/dt
-
In the study described in the paper Exposure to Diesel Exhaust Induces Changes in EEG in Human Volunteers (Particle and Fibre Toxicology [2007]), 10 healthy men were exposed to diesel exhaust for 1...
-
Examine whether systems of variables are cointegrated
-
Name the two basic measures of memory and describe how they differ from one another. L01
-
The cash account for Ambulance Systems at February 29, 2012, indicated a balance of $20,580. The bank statement indicated a balance of $24,750 on February 29, 2012. Comparing the bank statement and...
-
Prepare the appropriate journal entries for Macy Company to record each of the May transactions. Macy is a retailer that uses the gross method and a perpetual inventory system; it purchases these...
-
Distinguish between the percentage-of-completion method and the completedcontract method of revenue recognition. Which method requires the exercise of more judgment by the preparers of the financial...
-
Why can it be difficult for accountants to determine when revenue should be recognized?
-
A dilute aqueous slurry of viscosity 0.001 N-s/m 2 and density 1,000 kg/m 3 is to be separated from the solid particles, which have a density of 3,000 kg/m 3 , by centrifugal sedimentation....
-
To what extent do staffing processes at the Dionysos reflect the strategic approach to recruitment and selection encapsulated by the conceptual framework and model depicted in Key Concepts 8.4 and...
-
Im an accounting major, not an operations expert, yelled just-promoted Bob Barthrow, the executive vice president of the Midwest Frequent Flyer Call Center, during a senior-level management meeting....
-
The Hudson Jewelers case study can be found in Appendix C. Chapter 14 Case Question for Discussion: 1.Customer demand (weekly visits) at Hudson Jewelers is highly seasonal, as shown in the worksheet...
-
Jasmine Minoza, the chief information officer of a Canada- based designer of video games, Adventure Gaming, Inc. (AGI), is considering outsourcing her companys software development activities to...
-
The input to the circuit of Fig. 5-23 with RC = 1 is v 1 = sin t. Write KCL at node B and solve for v 2 . +1 VI R B A + C D 3+ 10-41. 12
-
a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing system. c. Analyze the internal control weaknesses in the system. Model your response according to...
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
Next you show Benjamin the impact of the investment bankers share repurchase proposal: the company could raise $10 billion new debt at the current rate of 2.1% to repurchase its own shares. 4....
-
Reconsider the fingroup fund in the previous problem. If during the year the portfolio manager sells all of the holding of stock D and replaces it with 150,000 shares of stock E at $40 per share and...
-
It is May 15. An energy importer has negotiated a contract to buy 1 million barrels of crude oil. The price in the future contract is the spot price on August 15. Quotes: Spot price of crude oil: $60...
Study smarter with the SolutionInn App