Documents Chapter 9 Long Term Operating Assets May 2010 ©Kimberly Lyons 1.

Slide 1Chapter 9 Long Term Operating Assets May 2010 ©Kimberly Lyons 1 Slide 2 Long Term Operating Assets Purchased, produced, or leased for long term use by the business…

Documents Selling Goods and Services May 2010©Kimberly Lyons 1.

Slide 1Selling Goods and Services May 2010©Kimberly Lyons 1 Slide 2 Revenue should be recognized (recorded) when earned, and realized or realizable (collectible) Revenue…

Documents Inventory May 2010©Kimberly Lyons 1. Goods purchased or produced for resale Merchandiser (retailer)...

Slide 1Inventory May 2010©Kimberly Lyons 1 Slide 2 Goods purchased or produced for resale Merchandiser (retailer) purchases for resale Manufacturer produces for resale Raw…