A company has a $50 000 balance in the companys accrued revenue account. Where would this account
Question:
A company has a $50 000 balance in the company’s accrued revenue account. Where would this account appear in the balance sheet?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Assets probably c...View the full answer
Answered By
Sheikh Amir
I have completed my master's degree in computer sciences in the year 2017 with silver medal (being the second topper of the university and other affiliated campuses) in the Kashmir valley. Presently I am pursuing my integrated Ph.D. from Kashmir University.
After my masters, I had been appointed as an Assistant professor in the Univesity and then after the completion of the contract, I was appointed as a Lecturer in the Govt degree college.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The December 31, 2014, unadjusted trial balance for Musical Sensations after its second year of operations follows: Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the...
-
A random variable follows the continuous uniform distribution between 60 and 95. a. Calculate the following probabilities for the distribution: 1. P(x > 63) 2. P(x > 70) 3. P(x > 88) 4. P(x = 75) b....
-
Refer to the situation described inBE 11-10. Assume that the present value of the estimated future cash flows generated from the division's assets is $22 million and that their fair value...
-
At the end of an accounting period, a company has $ 4,000,000 recorded in accounts receivable, all from sales. It is not likely that the company will collect all of the $ 4,000,000, even though all...
-
How can compensation design help mitigate agency problems?
-
Ol Salt Enterprises produces 1,000 sailboats per year. Although the company currently buys sails for the sailboats (one set of sails per boat), it is considering making sails in some space that it...
-
(a) The following information is given for 3 companies that are identical except for their capital structure: Orange Grape Apple Total invested capital 1,00,000 1,00,000 1,00,000 Debt/assets ratio...
-
Flimsys accounts receivable at the end of 2019 totalled $78 490. The allowance for doubtful debts had been $2310, but it was decided that this would be increased by $1560, then $1100 in unrecoverable...
-
Provide examples of accounts that would be included under the heading Receivables in the balance sheet.
-
Use factoring and resolution to produce a refutation for the following clauses: p(X) p(f(Y)) and p(W) p(f(Z)). Try to produce a refutation without factoring.
-
Beagle Beauties engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look glamorous. Below you will find selected information necessary to compute some...
-
Explain some of the reasons why developing countries have not had a greater positive impact on the development of their higher education programs. In this context, why should the development of a...
-
Solve the equation: 5t = 5t +2
-
Which of the following is caused by a point mutation that causes a change in the amino acid during translation? Hereditary spherocytosis thalassemia Sickle cell anemia Cystic fibrosis With an...
-
Apollo Industries' main product is gondola cars for amusement parks and ski lifts. Your marketing department constantly monitors trends in the external environment that may affect the company. What...
-
The bombardier beetle uses an explosive discharge as a Efensive measure. The chemical reaction involved is the oxidation of hydroquinone by hydrogen peroxide to produce quinone and water:...
-
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
-
Sprintay Limited uses the balance sheet approach to account for its bad debts expense and provision for doubtful debts. Past experience indicates the following percentages of accounts receivable that...
-
Psyche Books Ltd is a bookshop specialising in psychology textbooks. Psyche Books has the following balance sheet as at 30 September 2016: Additional Information: 1. Psyche Books uses perpetual...
-
Smithers Ltd, a manufacturer, maintains subsidiary ledgers for creditors and debtors. At 30 June 2016, the total amount owing to the business by trade debtors amounted to $4850 and the total amount...
-
The change of pressure, Op/an, across a curved streamline can be described by the expression = V2 R where p is fluid density, V is fluid velocity and R is streamline curvature. Using this expression...
-
3. Plot the M diagram of below frame structure. (Score 15) 4 kNm B 2m C 2m 2m A 2 kN D
-
In the figure, a circular cross-section rod with a diameter of 4 cm, made of material with number 1, is placed inside the pipe produced from material with number 2. The entire system is mounted on a...
Study smarter with the SolutionInn App