100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
FAC2601 Assignment 5 Semester 1 2024 [ Quality Answers] DISTINCTION GUARANTEED 95% grading 3,21 €   Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Financial Accounting for Companies (FAC2601)

Examen

FAC2601 Assignment 5 Semester 1 2024 [ Quality Answers] DISTINCTION GUARANTEED 95% grading

4 reseñas
 390 vistas  23 veces vendidas
  • Grado
  • Financial Accounting for Companies (FAC2601)
  • Institución
  • University Of South Africa (Unisa)

This document contains Fac2601 Assignment 5 Semester 1 2024 question and answers with a guarantee pass with a distinction with a 95% grading

Vista previa 1 fuera de 11  páginas

Información del documento

  • 30 de mayo de 2024
  • 11
  • 2023/2024
  • Examen
  • Preguntas y respuestas

Temas

  • fac2601 assignment 5 semester 1 2024

Escuela, estudio y materia

  • University of South Africa (Unisa)
  • Financial Accounting for Companies (FAC2601)
Todos documentos para esta materia (48)

4  reseñas

review-writer-avatar

Por: khethanibhengu • 5 meses hace

review-writer-avatar

Por: davishill66 • 5 meses hace

review-writer-avatar

Por: nelisiwemtotoba • 5 meses hace

review-writer-avatar

Por: dimpulessathekge • 5 meses hace

Vendedor

avatar-seller
IsabellaTutorial

Comentarios recibidos

Vista previa del contenido

MULTIPLE CHOICE QUESTION ASSIGNMENT
Answer the following multiple-choice questions. Indicate your choice by selecting
only one option from the four options given for each question answered.
Use the following information to answer questions 1 and 2:
Pale Ltd sells a trailer to a customer for R121 000 which is payable 24 months after delivery. The
customer obtains control of the product at contract inception on 1 January 2023.
The cash-selling price of the trailer is R100 000, which represents the amount that the customer
would pay upon delivery for the same product sold under otherwise identical terms and
conditions as at contract inception. Pale Ltd’s cost of the trailer is R80 000. An interest rate of
10% per annum is applicable to the contract and is a significant financing component.
REQUIRED:

Question 1:

Which one of the following statements is correct based on the information provided above?

1.
Revenue is recognized at an amount of R121 000 at the inception of the contract.


2.
Revenue is recognized at an amount of R100 000 at the inception of the contract
3.
Revenue is recognized at an amount of R100 000 on 31 December 2024
4.
Revenue is recognized at an amount of R121 000 on 31 December 2024
Clear my choice

Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
Question 2:
Trades and other receivables will be reflected at an amount of ________________ as at
31 December 2023?


1.
R111 000
2.
R121 000
3.
R110 000
4.
R100 000
Clear my choice

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IsabellaTutorial. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for 3,21 €. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Empieza a vender
3,21 €  23x  vendido
  • (4)
  Añadir