This flashcard is just one of a free flashcard set. See all flashcards!
3276
Terms called for a down payment
Just Click on Below Link To Download This Course:
https://www.devrycourses.com/product/devry-acct-304-week-4-quiz-latest/
(TCO 5) For a typical manufacturing company, the most common critical point for recognizing revenue is the date>an order is received.
production is completed.
the product is delivered.
payment is received.
Question 2. Question :
(TCO 5) On December 15, 2011, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal, annual installments,
https://www.devrycourses.com/product/devry-acct-304-week-4-quiz-latest/
(TCO 5) For a typical manufacturing company, the most common critical point for recognizing revenue is the date>an order is received.
production is completed.
the product is delivered.
payment is received.
Question 2. Question :
(TCO 5) On December 15, 2011, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal, annual installments,
Tags: DEVRY ACCT 304 WEEK 4, DEVRY ACCT 304 WEEK 4 QUIZ LATEST
Source: https://www.devrycourses.com/product/devry-acct-304-week-4-quiz-latest/
Source: https://www.devrycourses.com/product/devry-acct-304-week-4-quiz-latest/
Flashcard info:
Author: CoboCards-User
Main topic: Education
Topic: Education
School / Univ.: devry university
City: UK
Published: 12.02.2020