Business, 22.10.2019 23:50 kennyjortiz
Gaap revenue recognition standards are based on broad principles rather than bright-line rules. this creates a certain amount of latitude in determining when revenue is earned. assume a company that normally required acceptance by its customers prior to recording revenue as earned, delivers a product to a customer near the end of the quarter. the company believes customer acceptance is assured but cannot obtain it prior to quarter-end. recording the revenue would assure "making its numbers" for the quarter. although formal acceptance is not obtained, the salesperson records the sale, fully intending to obtain written acceptance as soon as possible. a. what are the revenue recognition requirements in this case? b. what are the ethical issues relating to this sale? c. assume you are on the board of directors of this company. what safeguards can you put in place to ensure the company’s revenue recognition policy is followed?
Answers: 3
Business, 22.06.2019 01:30
Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation
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Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
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Business, 23.06.2019 00:00
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
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Business, 23.06.2019 00:00
How do the percentages of the 65 customer satisfaction ratings in that actually fall into the intervals [formula62.mml ± s], [formula62.mml ± 2s], and [formula62.mml ± 3s] compare to those given by the empirical rule? do these comparisons indicate that the statistical inferences you made in parts b and c are reasonably valid? (round your answers to the nearest whole number. omit the "%" sign in your
Answers: 2
Gaap revenue recognition standards are based on broad principles rather than bright-line rules. this...
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