question archive When is revenue earned?Is revenue earned from the following transactions? Give reasons for your answers
When is revenue earned?Is revenue earned from the following transactions? Give reasons for your answers
Subject:BusinessPrice: Bought3
When is revenue earned?Is revenue earned from the following transactions? Give reasons for your answers.1Goods costing $7000 are sold for $9500.2Goods costing $7000 are sold for $7000.3Goods costing $7000 are sold for $4500.4A surveyor sends an account for $15 000 to a builder for work in connection with a subdivision of a block of land.5An electrical store provides a free service on a television set during the warranty period. The cost to thestore was $250.6A company receives a dividend of $8000 on one of its investments.7Goods costing $1000 are sold for $1600. Instead of paying for the goods, the customer cleans the store’swindows. This cleaning is normally carried out by an outside contractor at a cost of $1600.
