Business, 17.09.2019 01:10 thisbegaby
On december 15 of the current year, conrad accounting services signed a $40,000 contract with a client to provide bookkeeping services to the client in the following year. which accounting principle would require conrad accounting services to record the bookkeeping revenue in the following year and not the year the cash was received?
a. monetary unit assumption.
b. going-concern assumption.
c. cost principle.
d. business entity assumption.
e. revenue recognition principle.
Answers: 1
Another question on Business
Business, 22.06.2019 11:30
Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)
Answers: 2
Business, 22.06.2019 19:00
Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk
Answers: 2
Business, 22.06.2019 20:20
Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900
Answers: 1
You know the right answer?
On december 15 of the current year, conrad accounting services signed a $40,000 contract with a clie...
Questions
Mathematics, 29.01.2021 01:00
Mathematics, 29.01.2021 01:00
Mathematics, 29.01.2021 01:00
Health, 29.01.2021 01:00
Mathematics, 29.01.2021 01:00
Mathematics, 29.01.2021 01:00
History, 29.01.2021 01:00
English, 29.01.2021 01:00
English, 29.01.2021 01:00
Mathematics, 29.01.2021 01:00
