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Author Question: Team Shirts purchased T-shirts in July. The T-shirts were sold to customers in August. Team Shirts ... (Read 207 times)

leilurhhh

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on: Jul 5, 2018
Team Shirts purchased T-shirts in July. The T-shirts were sold to customers in August. Team Shirts received the final cash payments in September. According to the revenue-recognition principle, when should revenue be recorded?
 
  A) July
  B) August
  C) September
  D) both August and September

Question 2

Establishing a viable internal control system is primarily the responsibility of:
 a. the external auditors
  b. management
  c. programmers
  d. government authorities


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cassie_ragen

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

B


leilurhhh

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

tandmlomax84

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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