1. BannerAD acts as a seller's agent only. The seller is actually responsible for the fulfilment of the contract including delivery o
arise if BannerAD records the commissions before the product is actually delivered to the buyer.
2. BannerAD should not r
The following items are considered operating income components:
Cost of sales before special inventory change
Selling, general and administrative expense
Research and development expense
Merger and acquisition costs
In-process research and devel
Basic Earnings per Share is computed as the net income minus the dividends on preferred stock, divided by the weighted avera
Diluted Earnings per Share computation increases the above denominator by all additional shares that would be issued if all sto
Bank of America
When the delivered product is past the right of return period
When the delivered product is past the right of return period, for the sale price net of anticipated discounts. The
E1-27. Composition of Accounts on the Balance Sheet (L02)
Answer the following question about the Target balance sheet.
a. Briefly describe the types of assets that Target is likely to include in its inventory.
Target is comprised of approximately 35% sho