2 A company that chooses to arrange for the transportation of products it buys from a supplier-and to pay for these services-would elect for which shipping terms? a. FOB-origin/prepaid b. FOB-destination c. FOB-origin/collect d. FOB-destination/collect e. FOB-origin/allowed

Q: Goodwill can be recorded:   1. whenever the company acquires a good location for its business. 2.…

A: Goodwill is an intangible asset that is associated with the purchase of one company by another. It…

Q: Question 1 All of the documents are involved in the purchase-to-pay (expenditure) process, except:…

A: Picking ticket is the list of details regarding the items that are to be shipped from the warehouse…

Q: When one owner or creditor sells to another, the transaction takes place in the which market?…

A: Financial Market is a place where the trading of securities take place. There are major two types of…

Q: What is Revenue Recognition Companies should recognize revenue in the accounting period in which a…

A: Revenue: The entire amount of money received from the sales related to the main operation of the…

Q: Describe post sales service arrangements the firm does or should provide

A: After sale services help the companies achieve customer satisfaction and retain their customers.…

Q: Which of the following is not an issue that must be considered in determining transaction price?

A: The transaction price is the amount of money a seller anticipates receiving in exchange for…

Q: Provide one example of a transaction that affect  service business and  merchandise business.

A: Business refers to all those organization or company who engaged in any type of industrial,…

Q: Benoit Company produces three products-A, B, and C. Data concerning the three products follow (per…

A: The contribution margin is calculated as the difference between sales and variable costs. The…

Q: Why should a business engaged in merchandising always try to negotiate with its vendors, the…

A: Inventory is the detailed list of items that are present on hand. It constitute of all the finished…

Q: Question 2 All of the following controls can ensure input validity of shipping notice, except? O…

A: The answer is provided as follows:

Q: The purchase order, usually in writing, is a legal document that is... Select one: An offer to buy.…

A: A purchase order is an agreement that binds the two parties i.e. the client and the supplier, such…

Q: A vendor can have default accounts for Expense and HST set up in the vendor Options window. a) True…

A: A company must have all valid accounts related to the transactions so that all entries can be made…

Q: 1.  why companies need to transfer price and advantages?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which of the following two items are displayed in the QBO Navigation Bar?

A: Introduction:- QBO means QuickBooks Online. QBO Balance Sheet report gives you a financial snapshot…

Q: According to U.S. GAAP, when should revenue be recognized?a. When cash is received from the…

A: Revenue: It refers to money earned by the business from selling its goods and services to the…