|
Since the tickets are for future performances, it should be
credited to Unearned Ticket Revenue by the Jaguars team.
|
|
|
|
|
The Jacksonville Jaguars sell season tickets to NFL football
games. There are 10 home games during the season, which runs from August
through December. During February, 65,000 season tickets were sold for
$12,000,000 cash. Which account will be credited by the Jacksonville Jaguars
upon receipt of the $12,000,000?
|
|
Ticket Revenue
|
|
|
Prepaid Tickets
|
|
|
Tickets Receivable
|
|
|
Unearned Ticket Revenue
|
|
|
The
interest rate printed on the bonds is the contractual, face, or stated rate.
Yield, effective, and market rates are different terms to describe the
interest rate that an investment can earn in the market.
|
||
|
|
|
|
A corporation issues $1,000,000 of 8%, 5-year bonds. The 8% rate
of interest is called the __________ rate.
|
|
yield
|
|
|
market
|
|
|
effective
|
|
|
contractual
|
No comments:
Post a Comment