Thank You BLUELARRY! You are welcome.. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
the labeling confuses me. If its rent receivable its already earned like accounts receivable? I think you mean UNEARNED REVENUE OR PREPAID RENT RECEIVED? Is this how its going to appear on the test? The wording is confusing.
I don't think the first question is correct. It is about "installment sales method", not "sale on credit". Shouldn't the answer be "Deferred Tax Asset" because GAAP is recognizing the revenue conservatively? I would greatly appreciate your input. Thanks!
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I love (and watch) professor Farhat's lectures so much that when I study accounting, my inner monologue has adopted his accent! Thanks for all you do!
Thank You BLUELARRY!
You are welcome..
Check my website for more:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Hi Sir, then how we treat rent revenue for the first year... Do we need to book provision for Deferred tax in the first year??? Plz clarify
Yes.
the labeling confuses me. If its rent receivable its already earned like accounts receivable?
I think you mean UNEARNED REVENUE OR PREPAID RENT RECEIVED?
Is this how its going to appear on the test?
The wording is confusing.
Which minute are you referring to?
How did 21000 come?
I don't think the first question is correct. It is about "installment sales method", not "sale on credit". Shouldn't the answer be "Deferred Tax Asset" because GAAP is recognizing the revenue conservatively? I would greatly appreciate your input. Thanks!