Instead, the amount will be classified as a liability on the magazine’s balance sheet. As each month during the subscription term is realized, a monthly total will be added to the sales revenue on the income statement, until the full subscription amount is accounted for. During these same t...
Unpaid interest on a note given to the bank would be classified by the maker of the note asA.prepaid expense.B.unearned revenue.C.an accrued asset.D.an accrued liability.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答
The portion of the payment that pertains to services or products to be provided after 12 months from the payment date should be classified as deferred revenue under thelong-term liabilitysection of the balance sheet if a customer made an up-front prepayment for services that are expected to be...
Question: Classify the land account as one of the following. a. current asset b. non-current asset c. current liability d. non-current liability e. equity account Land: The land is a property owned by the company which d...
The deferred expense is recorded as an asset on the company's balance sheet (e.g.,prepaid rent). The prepaid expense is classified as an asset. That account is debited, while the cash account is credited for the same amount. Once incurred, the expense is recognized on the income statement...
Prepaid expenses such as insurance, rent, and supplies are normally consumed during the operating cycle rather than converted into cash.Long-term assets are relatively long-lived assets used in operating an organization and may be further classified into fixed assets, or plant and equipment, and ...
Which of the following assets would not be classified as a current asset? (a) Supplies (b) Equipment (c) Accounts receivable (d) Prepaid rent. Indicate whether the following account is considered an asset, a liability, a stockholders' equity, a revenue or an...
C. US GAAP but may be classified as either operating or financing cash flows under IFRS. 解析:选C。利息费用在美国公认会计准则下总是被归类为经营性现金流,但在国际财务报告准则下也可以被归类为经营性现金流或融资性现金流。 Q2 [Attention] A company has recorded an expense for interest costs that...
d. debit Insurance Expense, $11,000; credit Prepaid Insurance, $11,000 6. Depreciation Expense and Accumulated Depreciation are classified, respectively, as a. expense, contra asset b. asset, contra liability c. revenue, asset d. contra asset, expense 7. If there is a balance in the unear...
Differentiated products may also be based on recently off-patented active ingredients (AI's) that have been classified as high commercial potential - "Core Leap" AI's and include a variety of product characteristics such as (i) 2Sources: Rabobank, Agri Commodity Markets Research, March 2023; ...