This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Clean Sweep agreed to clean an office building on a weekly basis for 1,000 per week. The contract ... (Read 141 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jul 5, 2018
Clean Sweep agreed to clean an office building on a weekly basis for 1,000 per week. The contract began on August 15, and Clean Sweep cleaned the building twice during August.
 
  Clean Sweep received 2,000 cash in September for the cleaning performed in August. How much revenue should Clean Sweep recognize in August using accrual accounting?
  What will be an ideal response?

Question 2

A consignor who has goods out on consignment with an agent should include the goods in ending inventory eventhough they are notin the possession of the consignor.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 5, 2018
Answer to Question 1

Clean Sweep should recognize two weeks, or 2,000, of revenue.

Answer to Question 2

True


ssal

  • Member
  • Posts: 572
Reply 2 on: Jul 5, 2018
Wow, this really help

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

The molecular basis of genetic complementation The molecular basis of genetic complementation
Medical assistant working in a front office area of a medical office. Medical assistant working in a front office area of a medical office.
Notice how clean the engine appears. This is a testament of proper maintenance and regular ... Notice how clean the engine appears. This is a testament of proper maintenance and regular ...
Dry hands and forearms thoroughly with clean paper towels to prevent chapping. Dry hands and forearms thoroughly with clean paper towels to prevent chapping.
Kinetic basis for preferential excision of mismatched nucleotides by a 3’ exonuclease site distant Kinetic basis for preferential excision of mismatched nucleotides by a 3’ exonuclease site distant
Technology in the Law Office Technology in the Law Office
Video: T cell receptors

For a complete list of videos, visit our video library