Business, 28.11.2019 00:31 anonymous115296

Gerhard inc. sells airline tickets for new world global airlines. gerhard inc. receives a 8% commission on the sales price of the tickets. during july, gerhard inc. sells $1 million of tickets with a cost of $750,000 for new global airlines. new world global airlines should record (select all that apply) cost of tickets sold for $750,000sales revenue for $1 millionif a seller determines that the time value of money is significant, theseller adjusts sales or service revenue and recognizes the financing component as: .

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