Page 1 Top Round: 4 Tanya Giliblitskly December 31, 2019 Stock Market Summary Ma
ID: 2489664 • Letter: P
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Page 1 Top Round: 4 Tanya Giliblitskly December 31, 2019 Stock Market Summary MarketCap Book Value $268 $59.98 EPS Dvidend Yleld p00 82% 22 1.8% 8.2% 7.5% 12.3 7.2 12.2 14.1 $2.00 17492,410,13 64.301,824,088 $13.43 3,431 509 $9.03 $2534 3.36 $3.32 $3.31 S1483 $6150 $140 $27.41 $13.43 3,431,509 $9.90 3,076858 $144 $37.46 32$3.07 82% 123 $0.00 $0.00 ww2.capsim.com NQUTRER Comp-XMS Exam Polnts: 10 02006 Capsim Management Simulations, Inc.8 In the Month of March, Chester received orders of 174 units at a price of $15.00 for their product Clack, and in Apri receives an order for 44 units of their product Clack at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers O units in March, 174 units in April and 44 units in May. They received payment for 174 units in April, and payment for 44 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands) Select: 1 Save Answer $1,088 . S1.088 $3,263, o $2,610, $653 0$2,610 MacBook AirExplanation / Answer
Answer: Option D - 0,$2610
The revenue is recorded under accural basis when invoice is generated and good are shipped to the buyer.
In the given case, Chester delivered 0 units in march. Thus in march zero revenue is recorded in income statement
In April Income statement , since 174 units were delivered at rate of $15 per unit , amount of $2610 was recorded.
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