Any discounts or volume rebates should never reduce consideration received and reduce revenue recognized O True O False

Q: Why Sales revenue does not include the residual value?

A: The residual value, also known as salvage value, is the estimated value of a fixed asset at the end…

Q: When the fair value of plan assets is multiplied with a discount rate, an interest expense arise.…

A: Interest expense is determined by multiplying the discount rate with the start of the period by the…

Q: Would a deep discount without underwriting be preferable to save the expense of the underwriting…

A: In this question , we will discuss about underwriting fees and dilution of EPS and also that it is…

Q: How must one discount a series of uneven receipts to find present value (PV)?

A: The cash payment or cash receipt of each period should be discounted individually and then add all…

Q: 1. When applying lower of cost or market, market value A. is defined as the selling price B.…

A: This Net realizable value(NRV) generally a common method used in valuation of an asset in inventory…

Q: If, after collateral is repossessed and sold, there is money left over (a surplus), that money…

A: People raised funds from the financial institution and for that loan to be secured, financial…

Q: Why is the Modified Accelerated Cost Recovery System not generally accepted for financial accounting…

A:

Q: The cost of marginal bad debts is found by taking the difference between the levels of bad debts…

A: Bad debt refers to the loans or amount that can no longer be recovered as the person has lost all…

Q: In general it argued that the lower of cost of market rule is supported most closely by which of the…

A: The lower of cost or market rule is related to valuing the inventory, the company should value the…

Q: Which of the following is not a reason for stockpiling? Lūtfen birini seçin: a. Minimize holding…

A: Stock piling refers to the process of keeping inventory in bulk. It is an attempt to produce at…

Q: What is cumulative effect of changing the estimated bad debit rate

A: In accounts Bad Debt Rate or Bad Debt Ratio explains that how many debtors are likely to not pay the…

Q: Which is not a management practice for reducing the problems of adverse selection and moral hazard…

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

Q: Where will we record when there is a decrease in liability? O a. Debit side O b. Credit side c. None…

A: According to the rules of accounting  revenues, liabilities and equity are credited on increase and…

Q: 1. What is the opportunity cost of not taking advantage of the discount associated with purchases…

A: The potential gains that individuals, investors, or corporations forego while selecting one choice…

Q: What is the principal objection to the payback method?

A: The Payback period is one of the traditional or non-discounting techniques of Capital budgeting. It…

Q: What are the shortcomings of the payback period criterion? Which of these shortcomings are accounted…

A: Payback method is a manner of evaluating capital projects which computes the time taken by the cash…

Q: Premium deficiency arises when the unearned premium reserve is less than the estimated claims…

A: This statement is true.

Q: Define bad debt expense.

A: Definition:   Expenses: Expenses are costs incurred for the operations of a business. The costs…

Q: What are some different methods that can be used for customer returns/bad debt?

A: Bad debts they are the expenses that are book by the company for the credit sales made by the…

Q: What is customer value? Choose the correct. A. Ratio between the customer's perceived benefits…

A: A customer is an entity that buys goods or services from third parties. Accumulating a profitable…

Q: What is the major advantage of using a fee-only financialplanner?

A: There are different types of financial planners to help investors plan their finances. Majorly,…

Q: A tavn aver has un utilized or excess Creditablc

A: Untilised or excess CWT is  the excess tax paid by the taxpayer to BIR in the…

Q: 3- Explain briefly demerits of Pay Back Period. One of the demerits of the pay back period method…

A: Pay back period is calculated to know the period within which the company expect to generate…

Q: The direct write-off method is not preferable to the allowance method because the direct write-off…

A: BAD DEBTS ARE THE EXPENSES INCURRED BY COMPANIES WHEN A CUSTOMER MAY NEVER PAY FOR THE GOODS THAT…

Q: A decrease in the allowance for doubtful debts would result in O a reduction in gross profit an…

A: Following is the answer to given question

Q: A provision should never be discounted to the present value of the expected cash outflows needed to…

A: Provisions are the amounts maintained for the liabilities to be paid in future period of time. If…

Q: Bad debt is a deduction from the gross income when an account is written off Group of answer…

A: Gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms…

Q: 14.The loss of available-for-sale investment credit (AFS) cannot exceed the amount by which the fair…

A: Answer: The loss of available for investment credit cannot exceed the amount by which the fair value…

Q: What are some criticisms of the payback method?

A: Payback Period: Payback period is the period in which the project recovers its initial cost of the…

Q: What if the seller lacks sufficient information to be able to accurately estimate returns?

A: A seller may not be able to make an accurate estimate regarding returns due to multiple factors like…

Q: s it important to identify what costs will be eliminated in the conduct of finan

A: Turnaround recovery ways are a variety of measures that corporations use to get over a amount of a…

Q: When allocating the transaction price to performance obligations when a stand-alone selling price is…

A: Introduction:

Q: Why Pay back period method is not as effective as NPV?

A: Payback method  It doesn't consider account inflation as well as the cost of capital. It ignores…

Q: Which of the following is not a reason for the issuance of long-term liabilities? Debt financing…

A: Long term liabilities are interest bearing securities that are to be repaid over a period of more…

Q: Govenments are prevented from barrowing unlimited funds through the enforcement of debt limits.…

A: PLEASE LIKE THE ANSWER:  Debt limit also known as debt ceiling; it is a limit on how much the…

Q: What is the main purpose of loan loss provisioning? Explain the concepts of incurred loss model and…

A: The loan loss provision is the cash reserve created by the banks for the future credit risk. The…

Q: When comparing the lower of cost to market the appropriate market value is determined before…

A: The inventory costing approach known as the lower-of-cost-or-market (LCM) values inventory at the…

Q: Give an example of a strength and a weakness of the accounting rate of return approach.

A: ARR stands for accounting rate of return, is a formula which computes the desired rate of return in…

Q: When comparing the lower of cost to market the appropriate market value is determined before…

A: The inventory costing approach known as the lower-of-cost-or-market (LCM) values inventory at the…

Q: The interest method of amortizing discount provides for   a. Increasing amortization and…

A: Interest Method:-It is a method where accounting standards are used to amortize or discount the…

Q: Why do some people say that MIRR should stand for Meaningless Internal Rate of Return?

A: Question is based on the concept of Business Finance

Q: Which of the following is correct about the effect of a deductible with respect to the price of an…

A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…

Q: Explain why writing off a bad debt against a company's Allowance for Doubtful Accounts does not…

A: The estimated realizable value of a company's accounts receivable is not reduced by writing off a…

Q: What is the cost of accrued liabilities? If accruals have such a low cost, why don’tfirms use them…

A: An accrued liability refers to an expense a business has incurred during a specific period but has…

Q: Disadvantage of payback

A: Disadvantages of payback 1. Payback doesn't provide benefit in amount from the project it only…

Q: If an investor has unique needs and does not care about liquidity, which contract is right for them:…

A: future contract is the contract which gives the obligation to the holder to buy or sell the…