What is the difference between realized and realizable? Give an example of where the concept of realizable
Question:
What is the difference between realized and realizable? Give an example of where the concept of realizable is used to recognize revenue.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
Revenues are realized when products goods or services merchandise or other assets are exchan...View the full answer
Answered By
Lisper Wanja
I am an experienced and highly motivated writer with a passion for the skills listed. I have a proven track record of my expertise and my aim is to deliver quality, well-detailed and plagiarism free projects. My genuine passion for writing combined with my ongoing professional development through school and research makes me an ideal candidate within for any assignment.
4.90+
233+ Reviews
388+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Give an example of where a small business might want to use an Application Programming Interface.
-
What is the difference between a Select statement that used Count (*) and a select statement that uses count (Column name)? How does Count (Column name) differ from Count (Distnct column name)?
-
What is the difference between a current liability for an uncertain amount and a contingent liability? Give an example of each and demonstrate how they differ with respect to the difference that you...
-
Neo-Darwinism believes that new species develop through (A).Continuous variations and natural selection (B) Mutation with natural selection (C) Hybridization (D) Mutation
-
Go to www.federalreserve.gov, the Web site for the Federal Reserve Board of Governors, and read the most recent Federal Open Market Committee (FOMC) press release. At the Web site, select "Monetary...
-
For years, Tamarindo Company produced only one product: backpacks. Recently, Tamarindo added a line of duffel bags. With this addition, the company began assigning overhead costs by using...
-
Prove that, for the system considered in Section 13.5.1, the minimum value of \(\omega^{2}\) for which the amplitude of subharmonic oscillations \(A\) will have a real value is given by...
-
Floyd Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 50 8%, $1,000 Petal Co. bonds for $50,000 cash plus brokerage fees of $900. Interest is payable...
-
To what extent did the personal characteristics of the "Baby M" parties impact the decision and public perception? What if the surrogate had been a well-educated woman who had originally entered the...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
Magnus Eatery operates a catering service specializing in business luncheons for large corporations. Magnus requires customers to place their orders 2 weeks in advance of the scheduled events. Magnus...
-
What is the justification for the following deviations from recognizing revenue at the time of sale? (a) Installment sales method of recognizing revenue. (b) Recognition of revenue at completion of...
-
In Exercises 6592, factor completely, or state that the polynomial is prime. 2x 3 - 8a 2 x + 24x 2 + 72x
-
At a Board meeting to discuss the proposals the following conversations were heard: Margaret Poulton, the Finance Director, said, "I think that we should calculate the Net Present Value (NPV) of the...
-
Financial information is given below Net sales Cost of goods sold Gross profit Operating expenses Administrative expenses Amortization Insurance Marketing and advertising Miscellaneous Rent...
-
In each of the following problems, check that the given subset U of V is a subspace. Let S be any nonempty set, let V be the R-vector space RS and take U = {JERS: f is bounded} CV. where the...
-
a) Compare the equations of the efficient frontier with riskless lending and borrowing and short sales for a combination of a domestic equity portfolio represented by the S&P Index and a portfolio of...
-
The trial balance of NyonyaChanteq Sdn. Bhd. is as shown below as at 30 November 2022: PARTICULAR DEBIT (RM) Motor vehicles Accumulated depreciation of motor vehicles Land and building Office...
-
Explain how to account for further acquisition of shares by a parent in a subsidiary.
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
A distillation column is initially designed to separate a mixture of toluene and xylene at around ambient temperature (say, 100C) and pressure (say, 1 barg). The column has 20 stainless steel valve...
-
Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000,...
-
Watson, Inc., had a cash balance at the beginning of the year of $89,000. During the year, the following cash flows occurred: From operating activities . . . . . . . . . . . . . . . . . . . . . . . ....
-
Wallace Companys statement of cash flows for the current year is summarized as follows: Cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Why thin film on a glass surface can remove completely reflections at certain light wavelength? Magnesium fluoride (n = 1.38) is used as coating on nonreflecting glass. How thin coating is enough to...
-
How much work ( in joules) is done in lifting a 45.57 newton box from the floor to a table that is 0.73 meters above the floor? Round your final answer to two decimal places. A ball is thrown...
-
1. Discuss one form of radiation you encounter in your daily life and why you use it. 2. What are some of the reported effects of that type of radiation on the human body? [Sources of information...
Study smarter with the SolutionInn App