Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the installment method of recognizing revenue is n

The installment method of recognizing revenue is now acceptable for financial reporting if a. The...

80.2K

Verified Solution

Question

Accounting

The installment method of recognizing revenue is now acceptable for financial reporting if

a. The collectability of the sales price is reasonably assured

b. The installment period is less than 12 months

c. The method is applied to only a portion of the total

d. Collection is seriously in doubt such that an estimate of collections cannot be reasonably made.

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

Summary: Case Study: Patient: Spelling, Mary Ellen Physician: Philip Davidson, M.D. Date: October 10, 2017 Clinical History: The 38 year old...

Medical Sciences
Q

thermodynamics: why can’t the van der Waaks equation extend itself to the low temperature regions near absolute...

Physics
Q

We live in a society that venerates youth. As we grow older, our physical and cognitive...

Psychology
Q

Question 1 What coefficient must be added to the carbon in the reactants to balance...

Biology
Q

87 of Aalhe series combination of two batteries both of the same emf 10 V...

Physics
Q

A fighter plane enters inside the enemy territory at time t 0 with velocity vo...

Physics
Q

Suppose that two cards are randomly selected from a standard 52 card deck a What...

Statistics
Q

Dried Fruit Corp. has had a valid S Corp election in effect at all times...

Accounting
Q

please help! your time and help is appreciated. The College of...

Accounting
Q

If assets are $8,000 and liabilities are $2,000, what is the total owner's equity? Muitiple...

Accounting
Q

Classify each of the following items to proper subsection of balance sheet

Accounting
Q

Explain the process of Flow of Funds (Fintech) Flow of Funds

Finance