CT
cameron terry
Answers (2)
CT
Answered
Use ________ when you need to help your audience grasp key points about sets of data or visualize connections between ideas.
A) facts and figures
B) descriptions
C) visual aids
D) narratives or stories
A) facts and figures
B) descriptions
C) visual aids
D) narratives or stories
On Sep 25, 2024
C
CT
Answered
There is disagreement among accountants as to how subscriptions receivable should be reported on the balance sheet.
Required:
Describe three different ways in which subscriptions receivable can be reflected on the balance sheet and provide a justification for each alternative.
Required:
Describe three different ways in which subscriptions receivable can be reflected on the balance sheet and provide a justification for each alternative.
On Sep 22, 2024
Subscriptions should be reported as a current asset if collection is certain during the next 12 months or normal operating cycle, whichever is longer.They should be reflected as a noncurrent asset if collection is certain, but not within the current asset criteria.Finally, subscriptions receivable should be reported as a contra-stockholders' equity account when collection is uncertain.This last approach is required by the SEC.