State whether the following statement are True or False A popcorn seller can recognize revenue when there
Question:
State whether the following statement are True or False
A popcorn seller can recognize revenue when there is proof of no harm done to customer after consumption.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
Question Posted:
Students also viewed these Business questions
-
State whether the following statement are True or False For a popcorn seller expenses recognition will be different in Cash-basis and Accrual-basis.
-
State whether the following statement are True or False Sale on credit can result in a future possible expense.
-
State whether the following statement are True or False For the purpose of matching, there are revenues that are going to occur for a business and can be traced to each particular unit of expenses.
-
If A = -2 6 1 -7 1 then det (A) = an and A-1 =
-
During the month of June, Bench Co. had cash sales of $300,000 and credit sales of $180,000, both of which include the 8% sales tax that must be remitted to the state by July 15. Instructions Prepare...
-
The following annual budgeted information is available for Speckner Company, which manufactures folding tables, chairs, and footstools: During the current month, the following cost drivers were used:...
-
You push a \(30 \mathrm{~kg}\) shopping cart initially at rest (loaded with groceries) with a constant \(12-\mathrm{N}\) force. How far does it travel after pushing it for \(4.5 \mathrm{~s}\) ?
-
Suppose that a $1B VC fund has fees of 2.0 percent per year in all years, with these fees paid on committed capital in the first five years and on net invested capital for years 6 through 10. You can...
-
The standard interface technology for wireless networks is _ _ _ _ _ _ _ _ _ _ . The hardware component necessary for computers to connect to these networks is a _ _ _ _ _ _ _ _ _ _ .
-
The energy internally consumed by NTPC (for powering its own colonies, establishments, etc.) will be reflected in the income statement as (a) Dividend (b) Cost of Goods Sold (c) Income (d) None of...
-
Mr. Tanumoorthy was contemplating the acquisition of Kochi Oil Mills. The balance sheet of Kochi Oil Mills as of December 31, 20X0, as supplied to Mr. Tanumoorthy by the current owners, is provided...
-
In a study examining the effect of alcohol on reaction time, Liguori and Robinson (2001) found that even moderate alcohol consumption significantly slowed response time to an emergency situation in a...
-
There is a shopping centre of 24,000m of gross lettable area (GLA) located in a town of 250,000 inhabitants with basically no competition other than a small gallery anchored by a hypermarket and a...
-
5. A mass on a vertical spring is observed to have the displacement vs. time graph below. From the graph, what is the period of the motion in seconds? Explain or show how you got your answer. 6. If...
-
Is the tax treatment in the scenario accurate for tax year 2020? The taxpayer was required to repay unemployment compensation that was received in a prior year. This may be a misce Yes No Click 'Yes'...
-
Calculate the percent ionization of 1 . 0 M CH 3 COOH solution with 0 . 1 0 M NaCH 3 COO.
-
The FASAB's Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial reporting. The requirement to be publicly accountable for laws and...
-
Naturally occurring tellurium (Te) has the following isotopic abundances: sotope Abundance Mass (amu) 12 Te 0.09% 2.46% 0.87% 119.90 121.90 22.90 123.90 124.90 123,90 127.90 129.91 1 Te 14Te 123Te 1...
-
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
-
The following expenses were incurred by a merchandising business during the year. In which expense section of the income statement should each be reported: (a) Selling, (b) Administrative, or (c)...
-
Complete the following table by indicating for (a) through (g) whether the proper answer is debit orcredit. Normal Balance Account Increase debit Decrease ( credit (a) Purchases Discounts Purchases...
-
Which of the three methods of inventory costingFIFO, LIFO, or average cost will in general yield an inventory cost most nearly approximating current replacement cost?
-
Describe the following two knowledge management tenets in more detail; 1. The business infrastructure needs to incorporate knowledge management. 2. Technology is an enabler, not a cure-all.
-
Traditional Buddhism, Mahayana, and Theravada In Hinduism there are six aspects of religion authority, ritual, speculation, tradition, grace and mystery. Explain why the Buddha rejects each of the...
-
Choose the description that best fits each sentence or pair of sentences. The company's stock plummeted, and the ratings firms downgraded, its credit rating. The company's stock plummeted, and the...
Study smarter with the SolutionInn App