INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
17th Edition
ISBN: 9781119614142
Author: Kieso
Publisher: WILEY
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 18, Problem 33Q
To determine
Revenue recognition: Revenue recognition is an accounting principle that decides the process of determining and accounting for revenue. Revenue on any transaction is recognized on the performance of the obligation.
Disclosures: Any new or secret information which is declared to everyone.
To determine the qualitative and quantitative disclosures are required related to revenue recognition.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What is manufacturing cash conversion cycle?
Net income?
What is the gross profit percentage for the current year on these financial accounting question?
Chapter 18 Solutions
INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
Ch. 18 - Prob. 1QCh. 18 - Prob. 2QCh. 18 - Prob. 3QCh. 18 - Prob. 4QCh. 18 - Prob. 5QCh. 18 - Prob. 6QCh. 18 - Prob. 7QCh. 18 - Prob. 9QCh. 18 - Prob. 10QCh. 18 - Prob. 11Q
Ch. 18 - Prob. 12QCh. 18 - Prob. 13QCh. 18 - Prob. 15QCh. 18 - Prob. 16QCh. 18 - Prob. 17QCh. 18 - Prob. 18QCh. 18 - Prob. 19QCh. 18 - Prob. 20QCh. 18 - Prob. 21QCh. 18 - Prob. 22QCh. 18 - Prob. 23QCh. 18 - Prob. 24QCh. 18 - Prob. 25QCh. 18 - Prob. 26QCh. 18 - Prob. 27QCh. 18 - Prob. 28QCh. 18 - Prob. 29QCh. 18 - Prob. 30QCh. 18 - Prob. 31QCh. 18 - Prob. 32QCh. 18 - Prob. 33QCh. 18 - Prob. 34QCh. 18 - Prob. 35QCh. 18 - Prob. 36QCh. 18 - Prob. 37QCh. 18 - Prob. 38QCh. 18 - Prob. 39QCh. 18 - BE18-3 (L02) Hillside Company enters into a...Ch. 18 - Prob. 4BECh. 18 - Prob. 5BECh. 18 - Prob. 7BECh. 18 - Prob. 8BECh. 18 - Prob. 12BECh. 18 - Prob. 14BECh. 18 - Prob. 16BECh. 18 - Prob. 20BECh. 18 - Prob. 21BECh. 18 - E18-1 (L01) (Fundamentals of Revenue Recognition)...Ch. 18 - E18-2 (L01) (Fundamentals of Revenue Recognition)...Ch. 18 - Prob. 5ECh. 18 - Prob. 6ECh. 18 - Prob. 11ECh. 18 - Prob. 14ECh. 18 - Prob. 15ECh. 18 - Prob. 23ECh. 18 - Prob. 24ECh. 18 - Prob. 31ECh. 18 - Prob. 32ECh. 18 - Prob. 12PCh. 18 - Prob. 1CACh. 18 - CA18-2 (Satisfying Performance Obligations) Judy...Ch. 18 - CA18-3 (Recognition of Revenue Theory) Revenue is...Ch. 18 - CA18-4 (Recognition of Revenue-Theory) Revenue is...Ch. 18 - Prob. 5CACh. 18 - CA18-6 (Recognition of Revenue from Subscriptions)...Ch. 18 - Prob. 7CACh. 18 - Prob. 8CACh. 18 - Prob. 9CACh. 18 - Prob. 1CECh. 18 - Prob. 2CECh. 18 - Prob. 3CECh. 18 - Prob. 4CECh. 18 - Prob. 1CRC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Hi expert please give me answer general accountingarrow_forwardA company's July 31 bank reconciliation reports outstanding checks of $2,100. The general ledger Cash in Bank account shows total cash disbursements of $62,500 during August. The August bank statement shows $60,900 of checks clearing the bank. What amount of outstanding checks should appear in the August 31 bank reconciliation?arrow_forwardAt year-end, BlueWave Corp. has cash of $15,000, current accounts receivable of $75,000, merchandise inventory of $50,000, and prepaid expenses totaling $8,000. Liabilities of $35,000 must be paid next year. Assume accounts receivable had a beginning balance of $25,000, and net credit sales for the current year totaled $3,000,000. How many days did it take BlueWave Corp. to collect its average level of receivables? (Assume 365 days/year.)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSON
Intermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill Education
Financial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
Revenue recognition explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=816Q6pOaGv4;License: Standard Youtube License