Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.
Solved
Show answers
More tips
- F Food and Cooking Аэрогриль: Все, что нужно знать для подготовки здоровой и вкусной пищи...
- G Goods and services How to choose a washing machine?...
- F Family and Home Is it Worth Knowing the Gender of Your Child Before Birth?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking How to cook crayfish? Everything you need to know...
- G Goods and services LED-подсветка в LCD-телевизорах: 5 причин, почему она лучше других технологий...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
Answers on questions: Business
- B Business Proper security management dictates separation of duties for all the following reasons except which one? a) it reduces the possibility of fraud. b) it reduces dependency...
- B Business You want to have $69,000 in your savings account 13 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account...
- B Business Donnie has the option of borrowing $680 for 1 week at an apr of 450% or borrowing the $680 for 1 week with a fee of $60. which is the better deal?...
- B Business When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm s research yields technological knowledge that...
- B Business How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $14,000 in three years?...
- B Business Carlos consumes only cheese and crackers. a. could cheese and crackers both be inferior goods for carlos? explain. b. suppose that cheese is a normal good for carlos while...
- B Business Identify briefly the marketing mix (4ps) strategies for lego....
- M Mathematics Calculate the pay for the following day of a weekly time card given a wage of $12.50/hr. Help R Name Week of: Morning In Out Monday 08:00 12:15 Afternoon In Out 13:00 17:15...
- M Mathematics Which of the following is equivalent to 1/x/x+3...
- H History List the SIX purposes of government as defined by the Preamble to the United States Constitution....
Ответ:
Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.
Explanation:
In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.
Ответ:
congrats
I wish you will be succesfull
and they can ask about gk gs and about current affairs and about politics of your country
and don't lose your concertation from the judges and stay confident when they ask u something