Emma Co. sold to Isabella Co. merchandise on account FOB shipping point, 2/10, net 30, for $9,800. Emma Co. prepaid the $830 shipping charge. Using the perpetual inventory method, which of the following entries will Isabella Co. make to record the payment for the merchandise if Isabella Co. pays within the discount period? a. Accounts Payable—Emma Co., debit $9,800; Freight In, debit $830; Cash, credit $10,630 b. Accounts Payable—Emma Co., debit $10,434; Cash, credit $10,434 c. Accounts Payable—Emma Co., debit $9,800; Cash, credit $9,800 d. Accounts Payable—Emma Co., debit $10,630; Merchandise Inventory, debit $196; Cash, credit $10,826

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?