Service revenue is recognized either at one point in time or over extended periods. Explain the rationale
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
For service revenue if there is one final service that is critical to the earnings process ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Question Posted:
Students also viewed these Accounting questions
-
= The firms in a duopoly produce differentiated products. The inverse demand for Firm 1 is p 52-91-0.592. The inverse demand for Firm 2 is p = 4092 - 0.5q. Each Firm has a marginal cost of $1 per...
-
We recognize service revenue either at one point in time or over a period of time. Explain the rationale for recognizing service revenue using these two approaches.
-
Explain the rationale for using stock prices to infer default risk.
-
Shauna immigrated to Canada in her 30s and has worked full time earning above YMPE throughout. Now she is a few years from retirement and has found out that her monthly OAS at age 65 will be $520....
-
The 2000 Nobel Prize in Chemistry was awarded for work on polyacetylenes. Acetylene can be polymerized using a Ziegler-Natta catalyst. The cis or trans stereochemistry of the products can be...
-
At September 3 0 , the end of Beijing Companys third quarter, the following stockholdersequity accounts are reported. Common stock, $ 1 0 par value $ 4 8 0 , 0 0 0 Paid - in capital in excess of par...
-
Let \(X_{t}, t \geq 0\), be defined as \[X_{t}=\left\{B_{t} \mid B_{t} \geq 0 ight\}, \quad \forall t>0\] that is, the process has the paths of the Brownian motion conditioned by the current value...
-
Describe the even planning process and explain why it is helpful.
-
Fresh Air Inc. purchased a non - renewable licensing agreement for access to proprietary technology that allows it to produce Product X from organic waste. When the 1 0 - year licensing agreement was...
-
Messer Company purchased equipment for $24,000. The company is considering whether t o determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of...
-
Describe a consignment sale. When does a consignor recognize revenue for a consignment sale?
-
Distinguish between the percentage-of-completion and completed contract methods of accounting for long-term contracts with respect to income recognition. Under what circumstances should a company use...
-
Which of the following variables are ranks? For those that are not ranks, give the units. a) U.S. change by size: dime, penny, nickel, quarter, half dollar, dollar. b) U.S. change by value: penny,...
-
Given the following 4% bond. Today's date:March 30 th , 2006 Maturity date:January 31 st , 2010 Next coupon payment date:January, 31 st , 2007 Accrued Coupon ( millions):6356.16 Price:101.830 Yield...
-
Willis Inc. just paid an annual dividend of $2.40 a share. The market price of the stock is $31.80 and the growth rate is 2.5 %. What is the firm's cost of equity? The tax rate = 40%.
-
2.The current rate of a 30-year treasury bond is 4.85%. It pays a 4% coupon on a $100 face value, at the end of every six months. What is the price of this bond if it is issued today?
-
In 4 years Colleen and Bill would like to have $30,000 for a down payment on a house. How much should they deposit each month into an account paying 4% compounded monthly to have $30,000 after 48...
-
A bank pays interest of 5.2% per annum compounded continuously. If $395,000.00 is placed in a savings account and the interest is left in the account, how much money is in the account after 9 years?
-
The following data are from the Cambridge Study in Delinquent Development (see Problem 22). They examine the relationship between the occurrence of convictions by the end of the study and the family...
-
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
-
An OP AMP integrator with \(R=1 \mathrm{M} \Omega, C=1 \mu \mathrm{F}\), and \(v_{\mathrm{O}}\) (o) \(=0 \mathrm{~V}\) has the output waveform shown in Figure P6-22. Sketch \(v_{\mathrm{S}}(t)\) for...
-
Manning Imports is contemplating an agreement to lease equipment to a customer for five years. Manning normally sells the asset for a cash price of $100,000. Assuming that 8% is a reasonable rate of...
-
Manning Imports is contemplating an agreement to lease equipment to a customer for five years. Manning normally sells the asset for a cash price of $100,000. Assuming that 8% is a reasonable rate of...
-
Ace Leasing acquires equipment and leases it to customers under long-term direct financing leases. Ace earns interest under these arrangements at a 6% annual rate. Ace leased a machine it purchased...
-
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of...
-
14. (3 points) Write a program that ask the user for 1. their first name and 2. their last name, Enter first name: Matt Enter last name: Priem Hello Matt Priem! and then outputs a greeting similar to...
-
Given a sorted array 2, 5, 8, 12, 16, 18, 22, 25, 29, 32 and the following interpolation search algorithm. Show the steps of the algorithm when 25 is searched. Also, when 26 is searched. array a,...
Study smarter with the SolutionInn App