« previous next »

Author Question: Enoch, Inc began operations on July 1, 2011. On August 1, it received 12,000 in advance for services ... (Read 30 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
Enoch, Inc began operations on July 1, 2011. On August 1, it received 12,000 in advance for services to be performed evenly over the next 12 months.
 
  How much of this revenue should the company report on its income statement for the MONTH ended August 31, 2011?
  A) 12,000
  B) 1,000
  C) 11,000
  D) 5,000

Question 2

The segregation of duties control plan consists of separating all of the following event-processing functions except:
 a. planning events
  b. authorizing events
  c. executing events
  d. recording events


jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

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 Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Preventive and Primary Care Services Preventive and Primary Care Services
Biology Forums (Aug. 2011) Biology Forums (Aug. 2011)
Ten Leading Causes of Death in the World, 2011 Ten Leading Causes of Death in the World, 2011
Continental United States Hurricane Strikes from 1950-2011 Continental United States Hurricane Strikes from 1950-2011
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
Video: Bipolar Disorder

For a complete list of videos, visit our video library