During the accounting period, the Unearned Revenue account had a balance of $50,000 for computer equipment and software yet to be delivered. On March 31, a delivery of all of the equipment was made, leaving $5,000 worth of software pending. The correct journal entry to record this activity on March 31 is to:

Actually counting the goods on hand at the end of the accounting period and determining the cost of these goods by reviewing the accounting records is called

The single-step form of income statement lists all revenue items and their totals first, followed by all expense itemsand their totals, to produce a difference that is either net income or net loss. 

Current liabilities are those obligations that are due within one year or the normal operating cycle of the business, whichever is longer, and which will require use of current assets.

Net sales less cost of goods sold is called gross profit. 

In one case study, we found that Asians ended up paying more for SAT tutoring services than non-Asians. Why did that happen?

We reviewed three main groups of machine learning. They included:

The rough “rule of thumb” for a quick ratio is that the ratio should be about

How is it possible that modern voice recognition technologies, such as used in dialogue systems, are able to understand so many different dialects?

All adjusting entries should be reversed.