Question: T 2 # 11 The War Deney Compary incumed an expense on N/t t. The paymeni at reat is an because Disiny Mr (1) On









The War Deney Compary incumed an expense on N/t t. The paymeni at reat is an because Disiny Mr (1) On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take place June 1 (2) On July 1, The Walt Disney Company prepays $60,000 in rent for a Disney Store building for the next six months. Did (1) On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take place June 1 - 4. D The Walt Disney Company earned revenue on March 15. The Walt Disney Company earns the revenue recogniz (2) On July 1, The Walt Disney Company prepays $60,000 in rent for a Disney Store building for the next six months. Did Disne The Walt Disney Company incurred an expense on July 1 . This payment of rent is an because Dis ke place June 14. Did Disney eam the revenue on March 15 ? t six months. Did Disney incur the expense on July 1 ? If not, when will the company recognize rent expense? lace June 1-4. Did Disney earn the revenue on March 15? the revenue The Walt Disney Company must months. Did Disney incur the expense on July 1 ? If not, when will the company recognize rent expense? because Disney has Rent expense will be recognized (1) On March 15 , a customer pays $3,133 for ten 4-day passes to Disney World The Walt Disney Company earned revenue on March 15 . The Walt Disney Company prepays $60,000 in rent for a Disney S No. Disney Company Yes. incurred an expense on July 1 . This On July 1, The Walt Disney Company prepays $60,000 in rent for a Disney Store building for the next six months On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take place June 1 - The Walt Disney Company earned revenue on March 15 . The Walt Disney Company earns the revenue (1) On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take plac (2) On July 1, The Walt Disney Company prepays $60,000 in rent for a Disney Store building for the next six mo (1) On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take place Jun The Walt Disney Company earned revenue on March 15. The Walt Disney Company earns the rever recogni. lune 1-4. Did Disney earn the revenue on March 15 ? ns. Did Disney incur the expense on July 1 ? If not, when will the company recognize rent expense? World for a vacation that will take place June 1-4. Did Disney earn the revenue on March 15 ? 5. The Walt Disney Company earns the revenue iney Store building for the next six months. Did Disney incur the expense on July 12 if not, when will the company recognize rent expense? 1. This payment of rent is an because Disney has Rent expense will be recognized is the revenue The Wait Disney Company mus ix months. Did Disney incur the expense on July 1 ? If not, when will the company recognize rent expense? because Disney has Rent expense will be recognized acquired the use of a store location in the future. already made the cash payment. (1) On March 15, a customer pays $3,133 for ten 4-day passes to Disney World for a vacation that will take place June The Walt Disney Company earned revenue on March 15. The Walt Disney Company earns the revenue recogniz (2) On July 1, The Walt Disney Company prepays $60,000 in rent for a Disney Store building for the next six months. Did Disney The Walt Disney Company incurred an expense on July 1. This payment of rent is an because Disn
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