Business, 13.11.2019 19:31 teacherpreacher

Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2021, vail sells gift cards (lift passes) for $100,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2022. customers redeem gift cards of $20,000 in december, $30,000 in january, $25,000 in february, and $15,000 in march.1. record the sale of gift cards on october 1, 2021.2. record the redemption of gift cards as of december 31, 2021.3.record the redemption of gift cards in 2022 by preparing a summary entry as of march 31, 2022.4.record the redemption of gift cards in 2022 by preparing a summary entry as of march 31, 2022.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:40

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?

Answers: 2

Answer

Business, 22.06.2019 16:40

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.

Answers: 1

Answer

Business, 22.06.2019 18:00

Companies under market structures are independent

Answers: 2

Answer

Business, 22.06.2019 20:50

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Answers: 1

Answer

You know the right answer?

Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2021, vail s...

Questions