Which of the following statements is true about deferred revenue expenses? (a) The economic benefits from these

Question:

Which of the following statements is true about deferred revenue expenses?

(a) The economic benefits from these are expected in the long-term period beyond the immediate next twelve months.

(b) The economic benefits are to be drawn only in the immediate next twelve months.

(c) The economic benefits have been realized in the past.

(d) None of these.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

See More Books

Question Posted: Dec 13, 2023 12:23 PM

See More Questions

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
Using the information provided in the figure below, calculate the controlling shareholders control rights, cash flow rights and excess control rights in firm B. Controlling shareholders Firm D Firm A...
In order to have $391,185 in 26 years, how much needs to be deposited each month into a bank account whose annual rate is 1.8% with monthly compounding?
A microwave oven is powered by an electron tube called a magnetron that generates electromagnetic waves of frequency 2.45 GHz. The microwaves enter the oven and are reflected by the walls. The...
The circular disk has weight W and is mounted on the shaft AB at angle of with the horizontal. Determine the angular velocity of the shaft when t = t 1 if a torque M = M 0 e bt applied to the shaft....
Explain the role of clutch in power transmission.
On August 1, Year 1, Zip Ltd. purchased some merchandise from a foreign company for DM450,000. The liability was not due until March 1, Year 2. Zip was quite confident that the exchange rate...
Use the information below to calculate the machine's depreciation expense Machines initial cost $820 Residual value. $120 The Company started to use the machine on May 1, 2020 The useful fe of the...
Which of the following statements is not true about capital account? (a) It is a representative personal account. (b) It is a liability for business enterprise. (c) It is a real account. (d) None of...
Which of the following is affected by payment of dividend? (a) Direct decrease in the equity. (b) Direct decrease in current assets. (c) Decrease in distributable equity and decrease in current...
The girl at A can throw a ball at v A = 10 m/s. Calculate the maximum possible range R = R max and the associated angle at which it should be thrown. Assume the ball is caught at B at the same...
Suppose that based on your brother's patents you two would like to manufacture robotic instruments that would reduce the degree of invasion in various surgical procedures. Intuitive Surgical Inc is...
As the marketing manager you are planning to introduce a new line of computers with a fixed cost of $1,000,000, retail price of $689, variable cost of $220.00 and forecasted sales of 3,000 units. You...
2. Sorting data is an important task that many data storage systems use. This problem will be based on the bubble sort. The bubble sort will compare adjacent entries and swap them if the entries are...
is an ultra fund better for someone that is young or someone nearing retirement?please explain in your own wording .
If the Hunt's have a net discretioney cash clow of 15,000 where can that moeny go to?
In the fourth quarter of 2009 Simpson Company embarked on a major effort to improve productivity. It redesigned products, reengineered manufacturing processes, and offered productivity improvement...
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
The year-end 2021 balance sheet of Brandex Incorporated listed common stock and other paid-in capital at $2,600,000 and retained earnings at $4,900,000. The next year, retained earnings were listed...
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Percent of...
On January 1, 2024, Blossom Company issued for cash a $1,010,000, 3-year note bearing annual interest at 8% to Sheridan, Inc. The market rate of interest for a note of similar risk is 9%. What cash...

Which of the following statements is true about deferred revenue expenses? (a) The economic benefits from these

Question:

Step by Step Answer:

a The economic benefit...View the full answer

Financial Accounting

Students also viewed these Business questions