The difference between deferred revenue and accrued revenue is that accrued revenue has been recorded and needs adjusting and deferred revenue has never been recorded
Indicate whether the statement is true or false
False
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Describe four things (of the six things mentioned in the chapter) that audits of a company's writing should look for
What will be an ideal response?
All of the following are examples of convenience sampling EXCEPT:
A) expert witnesses used in court. B) use of students, church groups, and members of social organizations. C) department stores using charge account lists. D) tear-out questionnaires included in a magazine. E) mall intercept interviews conducted without qualifying respondents.
Medina Company has a tax rate of 30 percent and is considering a capital project that will make the following annual contribution to operating income: Cash revenues $140,000 Cash expenses (40,000) Depreciation (45,000) Operating income before income taxes $55,000 Income taxes (16,500) Operating income $38,500 Using the receipts and disbursements method, net cash inflows are
A) $(83,500). B) $43,500. C) $83,500. D) $100,000.
Conducting a pilot test of a survey instrument involving a small group of the population can
a. correct problems in clarity, ease of answering, and quality of answers. b. complicate the clarification of questions developed for a larger sample group. c. be a better alternative to the use of open-ended questions. d. use information from biased sources and correlate it to unbiased sources.