Under what conditions may revenue be recognized on a bill-and-hold sale?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Revenue may be recognized on a bill and hold sale when a It is ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Under what conditions may a seller who is exposed to continued risks of a high rate of return of the product sold recognize sales transactions as current revenue?
-
Under what conditions may the unit costs of materials, labor, and overhead be computed by using only one equivalent production figure?
-
Under what conditions may a taxpayer exclude a portion of a realized capital gain?
-
Calculate the dollar proceeds from the FIs loan portfolio at the end of the year, the return on the FIs loan portfolio, and the net interest margin for the FI if the spot foreign exchange rate has...
-
Diamond Shamrock Corporation produces liquid chlorine that it ships to its customers Monday through Friday by truckload and railcar. To improve its scheduling, the companys plant manager would like...
-
Sharendale County expended $7,000,000 of federal financial assistance during 20X9 in the following programs: Required 1. Assume that Sharendale County is not a low-risk auditee and programs AE had...
-
The Lorenz equation is widely used in the theory of non-linear equations and was encountered in modeling of natural convection. While working with these equations Lorenz discovered the phenomena of...
-
Kimberly Manis, an architect, organized Manis Architects on January 1, 2016. During the month, Manis Architects completed the following transactions: a. Issued common stock to Kimberly Manis in...
-
How do decision makers determine the average age of a reporting entitys accounts receivable?
-
Let A = 2xyax + xzay - yaz. Evaluate A dv over: (a) A rectangular region 0 < x < 2, 0 < y < 2, 0 < z < 2 (b) A spherical region r < 4
-
What approaches are used to recognize revenue from the rendering of services? Under what conditions is each of these approaches used?
-
What is a customer loyalty program, and how is such a program accounted for?
-
For the situation of Example 5.6.1, calculate the probability that at least 75% of the components last 150 hours when (a) c = 300, X ~ gamma(a, b), a = 4,b = 5. (b) c = 100, X ~ gamma(a, b), a = 20,...
-
You have recently been appointed as the cost accountant for Silky Hair Co. Ltd., a manufacturer of hair shampoo. Your first task is to clear up the production records of the mixing department for...
-
Head sold the horse "Imago" to Tattersall for $15,000 on April 25th, and their contract contained a term stating "the purchaser is entitled to get his money back and to return Imago if he is unable...
-
Alice Wonder owns a small candy making factory where she runs her business making custom sweets. She is planning to retire, so she has put the factory up for sale. During the time she owned the...
-
Sue contracts to buy six cases of vintage Barrona Valley wine from Goodvines Winery for $1,200. The contract states that delivery is to be made at Sue's residence "on or before May 1, to be used for...
-
Dr. Ulysses Taylor is the Dean of the Broadwell school of business at Fayetteville State University. One day, while Dr. Taylor was driving to work, a North Carolina Central University student, while...
-
Evaluate the line integral C . dr for the following functions w and oriented curves C in two ways. a. Use a parametric description of C and evaluate the integral directly. b. Use the Fundamental...
-
Write a paper by answer the following question: Should Recycling Be Mandatory?
-
Using the reconciliations of this chapter and the information in Chapter 2, comment on the adjustments necessary when moving from German or UK to US or IFRS accounting in 2004/5?
-
Which sort of companies might wish to list on a foreign exchange? Is this practice increasing or decreasing, and why?
-
Explain the purposes and uses of a conceptual framework.
-
Discuss the main distinguishing features of majority, concurring, and dissenting opinions
-
On September 3, 2023, Wilkins purchased 1244 stock in Brass Corporation for $6,000. On December 31, 2023, the stock was worth $8,500. On August 15, 2024, Wilkins was notified that a. 2023-$0;...
-
Kowalczyk Company spends $30000 dollars for manufacturing equipment. When should the cost of the equipment be expensed? Over the period that the equipment will be used When the performance obligation...
Study smarter with the SolutionInn App