Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i am working on exercise 4.5 letter c in the book

I am working on exercise 4.5 letter C in the book Financial and managerial Accounting...

70.2K

Verified Solution

Question

Accounting

I am working on exercise 4.5 letter C in the book Financial and managerial Accounting 16th edition. the question is assume that on January 30, 2012 Gilbert, Marsh, and Kester received $25,000 from Texas oil company in full payment of their consulting services provided in December and January what portion of this amount constitutes revenue earned in January. Would the answer be $12,500 since half was in January and the other half was in December.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the area of the triangle a 13 b 17 c 23 The area Kis...

Basic Math
Q

11. Equity as an option Scott Corp. is a manufacturing firm. Scott Corp.’s current value of operations,...

Finance
Q

A wave pulse on a string has the dimensions shown in figure The wave speed...

Physics
Q

The table shows employment statistics for a fictional country Use the information to answer the...

Basic Math
Q

The real solutions to 3x6x4 12x 4 0 are 3 3 2 3 O 2...

Calculus
Q

Use part one of the fundamental theorem of calculus to find the derivative of the...

Calculus
Q

Use the Pythagorean Theorem to determine the value of x and the measurements of all...

Algebra
Q

Monty Company manufactures a check-in kiosk with an estimated economic life of 12 years and...

Accounting
Q

In the current year, JIll, age 35, recesved a job offer with two alternaive compensation...

Accounting
Q

Here are simplified financial statements for Phone Corporation in 2020: Calculate the following financial...

Accounting
Q

Question We know that companies operating in different sectors needs capital to operate. Companies have...

Accounting
Q

Which of the following best describes the categories of variation that form the basis of...

Finance