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Revenue Recognition (graded) When a company sells a product for cash, it generally recognizes the revenue. However, there are situations when it is not always clear when a company should recognize the revenue. How do you handle a car dealership that sells a warranty contract to its customers for $650 that will cover the next 5 years? This section lists options that can be used to view responses. Q2 Time Value of Money Concepts (graded) You might think of the “time value of money” to be a topic for Finance class, but accountants need an understanding of this topic as well. Let’s discuss where/why an accountant may need to use these skills/calculations. Q2


Revenue Recognition (graded)

When a company sells a product for cash, it generally recognizes the revenue. However, there are situations when it is not always clear when a company should recognize the revenue. How do you handle a car dealership that sells a warranty contract to its customers for $650 that will cover the next 5 years?

This section lists options that can be used to view responses.

 

Q2

Time Value of Money Concepts (graded)

You might think of the “time value of money” to be a topic for Finance class, but accountants need an understanding of this topic as well. Let’s discuss where/why an accountant may need to use these skills/calculations.

Q2

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