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

Author Question: Plant assets provide benefits over a long period of time. a. True b. False Indicate whether the ... (Read 38 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jul 5, 2018
Plant assets provide benefits over a long period of time.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Ken Labich promises to give a not-for-profit university 2 million for a new library, but only if the university is able to raise an equal amount in cash from other donors. When should the university recognize Ken's promise as revenue?
 
  a. when it receives Ken's promise
  b. when it receives Ken's promise, provided it also fully discloses (in notes to the financial statements) the conditions set forth in Roger's promise regarding other contributions
  c. gradually; that is, each time it receives cash from another donor, the entity would recognize a portion of Ken's promise as revenue
  d. when the conditions imposed by Ken are substantially met; that is, when it receives approximately 2 million in cash from other donors


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

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

True

Answer to Question 2

d


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Evolutionary relationships of the modern plant phyla. Evolutionary relationships of the modern plant phyla.
Pathogen/plant interactions and the hypersensitive response to pathogen attack. Pathogen/plant interactions and the hypersensitive response to pathogen attack.
Mutualistic associations between fungi and plant roots: (a) arbuscular mycorrhizal fungus stained so Mutualistic associations between fungi and plant roots: (a) arbuscular mycorrhizal fungus stained so
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Learning plant parts kindergarten Learning plant parts kindergarten
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library