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Indicate When Each of the Following Businesses Should Recognize Revenue

question 73

Essay

Indicate when each of the following businesses should recognize revenue by writing one or more of the following after it: i) on signing contract, ii) when production is complete, iii) on delivery, iv) gradually as goods and services are provided v) after payment.vi) at a later date
A) Fitness club receives member-ship dues in advance
B) Electronics store offering lay-away plan to low income customers
C) Grocery store
D) Christmas tree farm.It takes on average 7 years to grow a tree.
E) Builder building a town-house development for a real estate developer.
F) Sports equipment store offering $50 gift cards for $40 as a weekend promotion
G) Real estate mogul who sells large tracts of land.H) A diamond mining company

Definitions:

Low Body Weight

A condition where an individual weighs less than what is considered normal or healthy for their age and height, potentially indicative of malnutrition or eating disorders.

Distorted Body Image

A psychological condition where an individual has a flawed perception of their own size, shape, or appearance.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as vomiting, fasting, or excessive exercise to prevent weight gain.

Binge Eating

A disorder characterized by recurrent episodes of eating large quantities of food, often quickly and to the point of discomfort, followed by feelings of shame or guilt.