Smart Touch Learning normally performs e-learning services for $500. However, Smart Touch Learning performed services for a client for a discounted price of $400. According to the revenue recognition principle, Smart Touch Learning would record this revenue for $400. True or false?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Smart Touch Learning normally performs e-learning services for $500. However, Smart Touch Learning performed services for a client for a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Judy's cousin skip tells judy that he will sell her car for her when she leaves the country for a church mission for two years. skip tells her that he will do it for no charge to her.
Answers (1)
The local grocery store expects that customers will use credit cards to pay for a total of 110 comma 000 sales transactions during the month of april. these transactions are expected to amount to $ 5 comma 000 comma 000 in total sales revenue.
Answers (1)
An automobile insurance policy with a higher premium will most likely have ... A. No liability B. a lower liability C. a lower deductable D. a higher deductable
Answers (1)
Fourteen more than twice a number is at least 22
Answers (1)
Assume Intervale Railway is considering investing in Pale Co. stock for three months. The investment will represent 5% of the voting stock of Pale Co. How would the investment be classified?
Answers (1)
New Questions in Business
Jones incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of nu co., a new corporation. to qualify for tax-free incorporation, jones must be in control of nu immediately after the exchange.
Answers (1)
f currency in circulation is $600 billion, total reserves of the banking system are $800 billion, and total checkable deposits are $2 comma 900 billion, what is the maximum increase in the money supply that can result from the transaction in part
Answers (1)
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 918,000 Credit sales 318,000 Its year-end unadjusted trial balance includes the following items.
Answers (1)
Assume that Juanita is indifferent between investing in a corporate bond that pays 12.00 percent interest and a stock with no growth potential that pays a 8.10 percent dividend yield. Assume that the tax rate on dividends is 15 percent.
Answers (1)
1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of the noncontrolling interest at the date of acquisition is $19,000, and the book value of the acquired company is $15,000.
Answers (1)