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
Premium Revenue Income statement
The American Revenue Act (Sugar Act) is relevant to Chapter 6. It is relevant to Chapter 6 because the Sugar Act was one of the many conflicts in the Empire during the 1700’s. The Sugar Act was a reform to the failing Molasses Act of 1733. The Act was one of many policies that the British Parliament tried to impose on the colonist in an effort to bring the colonies closer to the Empire. The Sugar Act stirred colonist’s fears and emotions‚ and they began to consider their independence from the Parliament
Premium American Revolution Boston Tea Party Thirteen Colonies
The movie‚ Bridge to Terabithia‚ shows an example of an issue concerning moral and psychosocial development of a young girl and how her actions affect those around her. Janice Avery is the symbol of a school bully‚ and wreaks terror on anyone in her way at school. Problems at home impact Janice Avery’s development; due to the abuse she receives at home‚ she believes she has no self-worth and has to substitute the absence of self-esteem by bullying her peers. With regard to psychosocial development
Premium Abuse Family Bullying
disclosures. Accounting policies differ from accounting principles in that the principles are the rules and the policies are a company’s way of adhering to the rules. Revenue Recognition: Revenue recognition determines the accounting period‚ in which revenues and expenses are recognized. General Mills recognize sales revenue when the shipment is accepted by their customer. Sales include shipping and handling charges billed to the customer. We generally do not allow a right of return. However
Premium Inventory Generally Accepted Accounting Principles Balance sheet
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.
Premium Management Marketing Organization
which a power struggle is central to the action. Explain briefly the circumstances of the power struggle and discuss the extent to which it contributes to your appreciation of theme and/or character in the play as a whole. “A View From The Bridge” by Arthur Miller is a play in which a power struggle is central to the action. The protagonist‚ Eddie Carbone struggles to keep his late sister in laws daughter‚ Catherine from marrying his wife’s illegally immigrated cousin‚ Rodolpho. Eddie also
Premium All My Sons Performance Audience
Introduction This assignment features the recognition and measurement of revenue depending on the source of revenue in accordance with the provisions of International Accounting Standards (IAS) 18 Revenue. I researched the topic and defined the special purposes of the assignment: first of all‚ it is important to know the main concepts of IAS 18‚ also to learn the rules by using this particular regulatory framework‚ and to get knowledge about writing the report at all.
Premium International Financial Reporting Standards Financial statements Balance sheet
Assignment 4 Case 7.2 Revenue Recognition Associated with Frequent Flier Miles Continental Airlines: Revenue is deferred and recognized when transportation is provided • Revenue is realized‚ and earned. The carrier has performed its duty‚ the service has been preformed. The amount of the claim is known AMR (American): Revenue is deferred and recognized over the period approximating mileage credits are used • Because there is no actual way of knowing when/if mileage will be used‚ it is not
Premium Generally Accepted Accounting Principles Airline Revenue
A Meta-analysis on Revenue Management BBA 7 – G1 Yvonne LIU 302492 Timothy MA 222747 2013-1 Revenue and Pricing Management Statement of authorship I certify that this assignment is my own work and contains no material which has been submitted as part of an assignment in any institute college or university. Moreover‚ to the best of my knowledge and belief‚ it contains no material previously published or written by another person‚ except where due reference is made in the text of the
Premium Marketing Hotel Customer relationship management
India. It is the flagship channel of Doordarshan‚ the Indian public service broadcasting corporation‚ and the most widely available terrestrial television channel in India After years of falling revenues‚ in 1999-2000 Doordarshan (DD)1 had a revenue growth at 50%. In 1999-2000‚ DD earned revenues of Rs 6.1mn compared to Rs 3.99 mn in 1998-99. DD showed signs of revival with the launch of DD World (a channel for NRIs) and had relative success with some of its regional channels (Refer Table I for
Premium India Delhi