course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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Everything for Sale by Robert Kuttner: A Summary [Insert full name here] [Insert institutional information here] Everything for Sale by Robert Kuttner: A Summary In his book‚ Robert Kuttner (1999) tries to shake the dominant orthodoxy of laissez-faire economics‚ which he sees as the “natural form of capitalism‚” by attempting to “reclaim a defensible middle ground” between when the market is “best left alone” and when it “needs help” (p. 5). Kuttner’s
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Requirements in Systems Analysis and Design with Prototyping Submitted by: Bartolome‚ John Andrew P. Icawat‚ Jayson Neil A. Lauchengco‚ Christian Paolo R. Ordona‚ Kristian James V. Submitted to: Roy B. Callope 2nd Semester‚ S. Y. 2011 – 2012 I. Introduction A. Company Background | On January 18‚ 1954‚ strongly adhering to the vision of contributing to the progress and development of the nation through producing competent engineers and architects trained
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The Five Drivers of Revenue Growth for Professional Services A Leader’s Guide to Increasing Revenue Mike Schultz‚ Co‐President John Doerr‚ Co‐President Robert Croston‚ Vice President Wellesley Hills Group 600 Worcester Road Framingham‚ MA 01702 www.whillsgroup.com (508) 626‐9991 A Wellesley Hills Group White Paper Table of Contents Part I: The White Paper Growth Opportunities All Around..............................................................................
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Online Sales and Inventory System For Marikina Shoe Exchange An Undergraduate Research Proposal Presented to The Computer Studies Department College of Science De La Salle University – Dasmariñas In Partial Fulfillement of the Requirement for the Degree of Bachelor of Science in Information Technology Inah Denise A. Almera John Florence M. Delimos Patrick P. Lozano September 2010 CHAPTER 1 INTRODUCTION 1. Background of the Study All things changes as the world progress
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gaming industry‚ both from the viewpoint of someone that is interested in playing computer games and as an investor. The topic that I have chosen to address is the issue of revenue recognition. Revenue Recognition Analysis I started by looking at EAs annual report (Form 10-K) for the fiscal year ending March 31‚ 2007. Revenue recognition is discussed in some detail.
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Substantive Audit Testing: Revenue Cycle 1. Substantive Audit Testing: Revenue Cycle 2. MULTIPLE CHOICE: 3. 1. Which of the following might be detected by an auditor’s review of the client’s sales cut-off? 4. a. Excessive goods returned for credit. 5. b. Unrecorded sales discounts. c. Lapping of year end accounts receivable. d. Inflated sales for the year. 6. ANSWER: D 7. 2. Which of the following forms of evidence represents the most competent evidence that a receivable actually exists? 8. a. A
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Analyze of No witchcraft for sale by Doris Lessing Why did Gideon call Teddy “Little Yellow Head”? First of all‚ he called him this‚ because Teddy’s hair is fair and light‚ like nothing he had ever seen. He also gives him a native name‚ to show him the loyalty he gives him. What happened to Teddy in the beginning of this story? One day‚ Teddy had been out‚ driving on his scooter. He had gone in to the bushes‚ where a snake had spat in his eyes‚ almost making him blind. Without doubting
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Sales Letter of Road Condition System 莫茜淘 Dear travelers: Do you feel annoyed with waiting in long fleet? Were you ever no ready for the poor road condition? For everyone who goes out by driving‚ a perfect route always means a good start before a wonderful trip. Thus‚ we feel threatened by such a common phenomenon that we have to wait for nearly one hour when encountering traffic jam‚ especially in some big cities like Beijing or Guangzhou. How can we avoid this annoying problem?
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IASB and FASB release revenue recognition exposure draft What is the issue? On June 24th‚ the FASB and IASB issued an exposure draft proposing a new revenue recognition model that could fundamentally alter the way entities across a variety of industries recognise revenue. The proposal is an output of the boards’ joint efforts to develop a converged revenue recognition standard based on the same principles. A key objective is to increase the consistency of revenue recognition for similar contracts
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