Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is an example of earned acc

Which of the following is an example of earned accrual-based revenue? a. A clothing company...

90.2K

Verified Solution

Question

Accounting

Which of the following is an example of earned accrual-based revenue?

a. A clothing company sells clothing to customers. The clothing will be delivered in the next accounting period

b. A customer pays for photography services in advance of the photography sessions. The sessions will occur in the next accounting fiscal period.

c. The customer receives photography services that had been paid for in a prior accounting fiscal period

d. A clothing company donates slightly defective clothing to a nearby homeless shelter

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Absorbance at 540 nm of Bromocresol Purple Dilution Series test tube concentration of sample (ug/mL) A540 nm BcP dilution 1 0 0 n/a 2 0.9375 0.041 1:16 3 1.875 0.08 1:08 4 3.75 0.155 1:04 5 7.5 0.306 1:02 6 15 0.614 0:00 1. The...

Chemistry
Q

What are the major advantages of roll forming compared to stamping?

Mechanical Engineering
Q

What was the Cultural Revolution? Please describe what it was and its positive and negative aspects.

Psychology
Q

Harry and Sons’ Law Offices opened on January 1,2018. During the first year of business the...

Accounting
Q

When monochromatic radiation of intensity I falls on a metal surface the number of photoelectron...

Physics
Q

For a first order reaction the time taken to reduce 1 the initial concentration to...

Physics
Q

Which statement is sufficient evidence that ADEF is congruent to AABCP B C F 1...

Geometry
Q

A certain forest covers an area of 2300 km. Suppose that each year this area...

Basic Math
Q

As far back as 1997, ____________ percent of written documentation never reached printed format.

Accounting
Q

(b) George Gershwin Co. sold $2,100,000 of 10%, 10-year bonds at 105 on January 1,...

Accounting
Q

Question Completion Status: QUESTION 10 On a multi-step income statement, depreciation expense...

Accounting
Q

al cash payments for accounts payable are the supporting schedule for disbursements for fixed manufacturing...

Accounting