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

Author Question: Most businesses recognize ____________________ when earned, even if cash has not yet been received. ... (Read 190 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jul 5, 2018
Most businesses recognize ___________________ _ when earned, even if cash has not yet been received.
 Fill in the blank(s) with correct word

Question 2

Jim Catlett establishes a trust that is administered by Mansfield National Bank in the amount of 750,000 . Jim has promised that he will donate an additional 50,000 a year to the trust in each of the next 5 years.
 
  The income from the trust will go to the state university. How much should the university record as income in the year that the trust is established?
  A. 1,000,000.
  B. 750,000 plus the present value of the five 50,000 donations.
  C. 750,000.
  D. 0.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

revenue

Answer to Question 2

D


neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Jul 5, 2018
Thank you


Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

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?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Lake position in the landscape and proportion of water received as groundwater (data from Webster et Lake position in the landscape and proportion of water received as groundwater (data from Webster et
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
Food service businesses Food service businesses
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library