aA sale has two aspects: a revenue aspect and an expense aspect. Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and exp...
Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and expenses of that period. 销售有二个方面: 收支方面和费用方面。 收支发生...
Gross profit is obtained by subtracting COGS from revenue, while gross margin is gross profit divided by revenue. The higher a company’s COGS, the lower its gross profit. So, COGS is an important concept to grasp. COGS, sometimes called “cost of sales,” is reported on a company...
A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): <br/> A、Journal.<br/> B、Posting.<br/> C、Trial balance.<br/> D、Account.<br/> E、Chart of accounts.
aEXPRESS WAYBILL 明确货运单[translate] a코스모스 路线莫尔斯[translate] aThe expense or revenue is allocated from the balance-day adjustment account on a monthly basis to the appropriate expense or revenue account. 费用或收支从平衡天调整帐户每月被分配到适当的费用或收入帐户。[translate]...
There are several more specific reasons why deferred revenue is classified as a liability: The company has a debt (liability) to the customer.If the customer demands a refund, the company must return the client's money. Because the company has not yet delivered, the customer must be made wh...
Generally, the difference between book depreciation and tax depreciation involves the “timing” of when the cost of an asset will appear as depreciation expense on a company’s financial statements versus the depreciation expense on the company’s income tax return. Hence, the depreciation expense ...
6) A firms ___ describes how a firm will produce a return on invested capital. A) value proposition B) revenue model C) market strategy D) competitive advantage Answer: B Diff: Moderate AACSB: Application of knowledge LO: 2.1: Identify the key components of e-commerce business models. ...
The gross income of a company is calculated as gross revenue minus the cost of goods sold (COGS). If a company registered $500,000 in product sales and the cost to produce those products was $100,000, then its gross income would be $400,000. ...
Revenue recognition is one of the most controversial areas of financial accounting. D. In contrast to revenue, an expense always causes a decrease in owner's equity. 点击查看答案 你可能感兴趣的试题 单项选择题 已知2003年某企业按变动成本法计算的营业利润为13500元,假定2004年销量与2003年相同,产品...