glass
pen
clip
papers
heaphones

Read and respond to the following questions in the attached exercise on revenue recognition issues for Survey Monkey

Read and respond to the following questions in the attached exercise on revenue recognition issues for Survey Monkey

Directions: Read and respond to the following questions in the attached exercise on revenue recognition issues for Survey Monkey.

Assume that Black Squirrel Design, Inc., signs up for the Platinum plan at Survey Monkey on December 1, 2015. The customer pays the entire $780 on March 1. How will Survey Monkey record this customer’s payment? What asset and/or liability accounts are affected?
Continue the same example from Item #1. If Survey Monkey has a December 31 year end, how much revenue related to the Platinum plan purchased by Black Squirrel Design will Survey Monkey recognize at December 31, 2015? How much revenue from the Black Squirrel Design purchase will be recognized during 2016?

Direction:  Provide an argument as to why you agree or disagree.
3. The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received.  

Oder Solution Now

Why Use Our Services

1. Professional & Expert Writers: AResearchers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by AResearchers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. AResearchers is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses. First time customer will receive three free pages on their first order. 

6. 24/7 Customer Support: At AResearchers, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.