Banner corporation receives $30,000 in may, year 1 to manufacture and deliver its product in september, year 1. At the time the product is delivered, banner will _____.

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04-11-2022
Business

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Banner corporation receives $30,000 in may, year 1 to manufacture and deliver its product in september, year 1. At the time the product is delivered, banner will _____.

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rafikiedu03 rafikiedu03 · Answer 1 · 2022-11-11T09:50:58-05:00

The banner corporation receives $30,000 in May, year 1 to manufacture and deliver its product in September, year 1. At the time the product is delivered, banner will debit Deferred Revenue and credit Sales revenue

An enterprise is a company—usually a set of humans or a corporation—legal by the kingdom to behave as a single entity (a felony entity recognized by non-public and public law "born out of statute"; a prison individual in legal context) and recognized as such in law for certain functions.[1]: 10 Early incorporated entities had been hooked up via constitution (i.E. Via an ad hoc act granted by means of a monarch or handed via a parliament or legislature). Maximum jurisdictions now allow the creation of latest companies thru registration.

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