更多“Since the revenue recognition principle requires that revenues be recorded when earned, there are no…”相关的问题
第1题
Reliability means that the information is free from error and and can be relied on by users.
A、bias
B、deduct
C、slack
D、negotiate
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第2题
"Revenue recognition principle" commands "revenue should be recognized when it is _____"
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第3题
Based on past experience, Kiran has always provided 5% of revenue each year as a provision to meet expected claims under warranty.The balance on the warranty provision at 1 January 20X6 was $20,500.During the year, $11,600 was spent setting claims and the remaining opening provision was released as unused. Kinan's revenue for the year ended 31 December 20X6 was $268.000 What should be the warranty expense charge in Kiran's statement of profit or loss for year ended 31 December 20X6?
A、$11,600
B、$13,400
C、$25,000
D、$4,500
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第4题
The accrual basis of accounting recognizes revenues when cash is received from customers.
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第5题
Revenue recognition principle is the core concept under cash basis accounting.()
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第6题
A ______ marks the end of a statement.
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第7题
Capital surplus is the revenue reserve while the retained earning is the capital reserve.
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第8题
China’s big shopping day is double eleven, America’s version is called Shopping Friday.
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第9题
Sometimes when the buyer cannot determine a specific port of discharge during negotiation, he may require two or three ports to be written on the contract as optional ports.
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第10题
Depreciation measures the decline in market value of an asset.
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