Goodwill can be recorded:   1. whenever the company acquires a good location for its business. 2. whenever the company has exclusive dealing arrangements with sought-after suppliers 3. whenever the company has an effective pricing strategy that brings in customers

When should revenue from the sale of merchandise normally be recognized? A)When the customer takes possession of the merchandise.   B)When the customer takes possession of the merchandise, if sold for cash, or when payment is received, if sold on credit.   C)Either on the date the customer takes possession of the merchandise or on the date on which the customer pays.   D)When the customer pays for the merchandise.

What is Sales Mix and why is it used in retail operations?

Deciding whether to record a sale when the order for services is received or when the services are performed is an example of a :-  a. classification issue. b. valuation issue. c. recognition issue. d. communication issue. e. none of the above