subject
Business, 14.06.2021 22:20 aliyahgregory

Nike received a $300,000 prepayment from Cactus Jack for the sale of new equipment. Nike will bill Cactus Jack an additional $100,000 upon delivery of the equipment. Upon receipt of the $300,000 prepayment, how much should Nike recognize for a contract asset, a contract liability, and accounts receivable? A. Contract asset: $0; contract liability: $300,000, accounts receivable, $0.
B. Contract asset: $300,000; contract liability: $0, accounts receivable, $100,000.
C. Contract asset: $300,000; contract liability: $0, accounts receivable, $0.
D. Contract asset: $0; contract liability: $300,000, accounts receivable, $100,000.
E. None of these answer choices are correct.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:00
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
question
Business, 22.06.2019 20:50
Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day.a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?
Answers: 1
question
Business, 23.06.2019 02:30
Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs
Answers: 1
question
Business, 23.06.2019 09:30
If gerry is approved for a $150,000 mortgage at 3.75 percent interest for a 30-day loan, what would the monthly payment be?
Answers: 1
You know the right answer?
Nike received a $300,000 prepayment from Cactus Jack for the sale of new equipment. Nike will bill C...
Questions
question
History, 04.07.2019 16:00
question
Mathematics, 04.07.2019 16:00