Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in which revenue receipt situation(s) would it not

In which revenue receipt situation(s) would it not be necessary to have an allowance for...

90.2K

Verified Solution

Question

Accounting

In which revenue receipt situation(s) would it not be necessary to have an allowance for uncollectibles?

a) when the revenue received is recognized as cash

b) if the revenue is derived from pledges

c) it is necessary to have an allowance for uncollectibles in all of these situations

d) when there is a legal requirement to pay the revenue (a tax levy, for example)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C         Boom .15     .35     .45     .33             Good .50     .12     .10     .17             Poor .25     .01     .02     ?.05             Bust .10     ?.11     ?.25     ?.09     Requirement...

Basic Math
1.2K views

You have designed a new style of sports bicycle! Now you want to make lots of...

Statistics
1.2K views

In a survey of 3939 ​adults, 705 say they have seen a ghost. Construct a​ 99%...

Physics
1.2K views

A horizontal spring with a spring constant of 190 N/cm is compressed 6.3 cm. A wooden...

Psychology
1.2K views

Outline some of the factors that have been linked to longer lifespans and state some of...

Advance Math
1.2K views

In a team of 50 people, 20 pilots are under 40 years old. 15 pilots are...

Basic Math
1.2K views

4 3 2 1 0 2 3 Number of Children How many adults were questioned...

Basic Math
1.2K views

Let sin x cos x cotx cscx Verify the identity by transforming the left hand...

Basic Math
1.2K views

The following are amounts of M&M's found in a sample of 10 mini packages:13, 15,...

Statistics
1.2K views

You are taking a quiz that has 9 multiple choice questions If each question has...

Algebra
1.2K views

A 16 find X 164 60 15 XV3 30 X 16

Accounting
1.2K views

A firm is financed with 30% debt and 70% equity. It's cost of debt is...