Revenue realized - Study guides, Class notes & Summaries

Earned and realized or realizable revenue recognition requires that revenue be recognized (recorded) only when: Economic entity The activities of a business are considered to be independent and distinct from those of its owners or from other companies Materiality Refers to whether or not a particular amount is large enough to affect a decision. Comparability Accounting information should enable users to identify similarities and differences between sets of economic phenomena. Timeliness Fina...

A company's stock price jumped when it announced that its revenue had decreased because of the quality issues of its products. This is an example of ________.Unsystematic risk If the Federal Reserve were to change from an expansionary to a contractionary monetary policy, this would be an example of ________.Systematic risk The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over four successive years. What is the arithmetic average annual return for four years?2.50% HKP Ind...

WGU D362 CORPORATE FINANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS the sum of the present values of expected future cash flows from an investment, minus the cost of that investment - Precise Answer Net Present Value (NPV) rate that accounts for the Time Value of Money (TVM) and the idea that when you're creating expectations on future cash flows you need to factor in the fact that the realized money in the future will be worth less because of the TVM and other factors such as inflatio...

ACG Exam 1 USF, Questions and answers, 100% Accurate. Rated A All but which of the following are on a balance sheet? A: Expenses B: Assets C: Payables D: Retained earnings - -A All but which of the following accounts are liabilities on the balance sheet? A: Notes payable B: Unearned Revenues C: Accrued liabilities D: Dividends - -D Which of the following statements is FALSE? A: A trial balance is prepared at the end of the month, after items have been posted to th...

Nacva Cva Exam With 100% Correct And Verified Answers 2024 History & Nature, Economy & Industry, Book Value, Earnings Capacity, Dividend Paying Capacity, Intangibles, Prior Sales, Price in the market - Correct Answer-HEBEDIPP Eliminate data older than 5 years, eliminate data 10x larger or smaller revenues, eliminate data 10x larger or smaller earnings or EBITDA - Correct Answer-5/10/10 rule specific tax matters, such as the valuation of businesses or equity interests. - Correct Answer-The...

Revenue Recognition correct answer: - FASB Definition: inflows or other enahancements of assets of an entity or settlements of its liabilities from delivery or producing goods, rendering services or other activities that consistute the entity's major or central operations. - FASB Statement of Financial Accounting Concepts No. 5, "Recongition and Measurement in Financial Statements of Business Enterprises": requires that before revenue is recognized (recorded), it must be (1) realized or rea...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

Intermediate Accounting Test 2 Exam Questions With 100% Correct Answers According to the FASB's conceptual framework, recognition is the process of formally incorporating an element into the financial statements of an entity. Recognition criteria include all of the following except: A. Measurability with sufficient reliability B. Definitions of elements of financial statements C. Decision usefulness D. Relevance - answerC According to the FASB conceptual framework, which of the followi...

Corporate Level Strategy specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) Single-business diversification strategy corporate level strategy wherein the firm generates 95% or more of its sales revenue from its core business area. Dominant-business diversification strategy...

ACCTMIS 2200 Exam 2 Questions and answers, Graded A+ Accounting for the sale of our product, what financial statements are affected? - -Sales Revenue Cost of Goods Sold Accounts Receivable Inventory Realization Principle - -Revenue is realized when services are rendered to customers or when goods sold are delivered to customers, not when cash is collected. Accrued revenue is recorded as an Accounts Receivable when services occur before cash Sales Revenue - -revenue earned from selling...