Question: What is the difference between realized and realizable? Give an example of where the concept of realizable is used to recognize revenue.

What is the difference between realized and realizable?

Give an example of where the concept of realizable is used to recognize revenue.

Step by Step Solution

★★★★★

3.40 Rating (144 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Intermediate Accounting 11th Questions!

Q:

Requirements Please read the attached case and respond to the questions below. Please keep your answers brief, to the point, and show all your calculations. a. Ignore any current plans. Using last...

Q:

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Q:

need answer for these questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including...

Q:

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

Q:

What is the difference between realized and realizable? Give an example of where the concept of realizable is used to recognize revenue.

Q:

I've attached the question as a word file, thanks! JWCL165_c12_568-611.qxd 8/12/09 8:29 AM Page 568 12 Investments Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Q:

Hi i am having trouble with a question from accounting. Using the attached file below. the question is , For the year ended 12/31/2006 prepare a schedulethat shows the cash flows received from PACE...

Q:

Hi i am having trouble with a question from accounting. Using the attached file below. the question is , For the year ended 12/31/2006 prepare a schedulethat shows the cash flows received from PACE...

Q:

Hi i am having trouble with a question from accounting. Using the attached file below. the question is , For the year ended 12/31/2006 prepare a schedulethat shows the cash flows received from PACE...

Q:

Hi i am having trouble with a question from accounting. Using the attached file below. the question is , For the year ended 12/31/2006 prepare a schedulethat shows the cash flows received from PACE...

Q:

Hi i am having trouble with a question from accounting. Using the attached file below. the question is , For the year ended 12/31/2006 prepare a schedulethat shows the cash flows received from PACE...

Q:

a. If the molar solubility of beryllium(II) hydroxide is 8.6 107 M in pure water, what is its Ksp value?

Q:

Consider the Initial Value Problem du/dt = 50/u-50u, 0

Q:

A firm is considering the following projects. Its opportunity cost of capital is 1 1 % . Cash Flows, $ProjectTime: 0 1 2 3 4 A - 6 , 4 0 0 + 1 , 3 5 0 + 1 , 3 5 0 + 3 , 7 0 0 0 B - 2 , 4 0 0 0 + 2 ,...

Q:

The flow of air near the Earth's surface is affected both by the wind and thermal currents. In certain circumstances the velocity field can be represented by \(\vec{V}=a \hat{i}+b\left(1-\frac{y}{h}...

Q:

Explain the meaning of the following terms: (a) Common size analysis, (b) Vertical analysis, (c) Horizontal analysis, (d) Percentage analysis.

Q:

Explain the meaning of the following terms: (a) Common size analysis, (b) Vertical analysis, (c) Horizontal analysis, (d) Percentage analysis.

Q:

An annual report of Ford Motor Corporation states, Net income a share is computed based upon the average number of shares of capital stock of all classes outstanding. Additional shares of common...

Q:

3. What is the value of bond with annual coupon payments, a 6% coupon, ten year maturity, and market interest rates of 3%. Round your answer to two decimal points. Do not include a negative sign.

Q:

This year, Justin B.s share of S corporation income includes $5,000 of interest income, $5,000 of dividend income, and $40,000 of net income from the corporations professional service business...

Q:

cent. Eoch share of commen thock is worth 3 according to the corporate valustion model