Gomez Company collected $19,200 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1?
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Ответ:
$6,400
Explanation:
On December 31, year 1, 4 months has been passed so, the revenue of 4 months should be recognized at this date. The payment was recorded as unearned revenue on September 1 using following entry.
September 1,
Dr. Cash $19,200
Cr. Unearned Revenue $19,200
The revenue account will be credited by the 4 months revenue amount and unearned revenue account will be debited to reduce the amount by the four month accrual.
Total Unearned revenue = $19,200
Revenue for four months = $19,200 x 4/12 = $6,400
Ответ:
The correct answer is (B)
Explanation:
During the first stage of resume review, the reviewer's quickly scan all the resumes and eliminate candidates based on experiences, profile, motivation and education. The second stage is to shortlist the candidates for the interview call. In this stage, they further eliminate some candidates. The third stage is to structure and organise the interview questions.