Answer:
1) Liabilities
2) Liabilities
Explanation:
Answer:
D
Explanation:
Protective extension response, because this child is running for a reason either because he is afraid or is playing but ether way he is staying in the same spot as he did when he fell and shows that he is extending the time he has on the floor because of the way his mind works.
Hoped this helped
Answer:
$0 ; $350,000 ; $105,000
Explanation:
Given that
Received prepayment = $350,000
Additional billed amount = $105,000
So by considering the above information, the contract asset and the account receivable are zero while the contract liability is $350,000 because it is advanced from the customer so it would be treated as a current liability. Therefore, the amount of contract asset and the account receivable is zero