Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Allocating the Transaction Price. HeavyEQ produces large conveyor belt systems for heavy manufacturing. HeavyEQ signs a $2 million fixed-price contract under which it makes three promises:
Install a conveyor belt system: fair value $1.6 million
Service the system over a five-year period: fair value $0.6 million
Provide a warranty assuring that the conveyer belt meets the contract specification at the time of sale: fair value $0.2 million
REQUIRED -
a. Allocate the transaction price to the performance obligations.
b. Reallocate the transaction price under the notion that HeavyEQ has no reasonable basis for determining the fair value of the servicing because the conveyor system is of such a unique nature that the servicing activities are highly variable and uncertain.
Prepare a report about "the harmonisation of international accounting standards". Including the discussion of "Why is it important for countries to use International accounting standards and what are some issues faced by countries in adopting thes..
At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12 million. What is depreciation on the building
Note receivable - Vista Supply Company received a 30-day, 4% note for $90,000, Journalize the entry to record the receipt of the payment
In the United States, all R&D expenditures are expensed as incurred. Is the U.S. approach better than the international standard
DeArmond Corporation has budgeted sales of 18,000 units, How many units should be produced next year
A 10-year annuity providing a rate of return of 3.6% compounded quarterly was purchased for $25,000. How much is the principal reduction in the second year
On 1 July 2018, Amari Bhd acquired 70% ordinary share capital of Neona Bhd and 65%, Advise whether Amari Bhd has control over Neona Bhd
A company has provided the information: Cash sales - 500,000 and Net income - 750,000. How much are the company's net sales
What was free cash flow for the fiscal year ended in 2011? (You may need to do some Internet research to find a definition of free cash flow)
Watson Bottle Company: Bond amortization table and the adjusting journal entry. On June 1, 2008, Watson Bottle Company sold $400,000 in long-term bonds for $351,040. The bonds will mature in 10 years and have a stated interest rate of 8% and a yie..
Journalize the following business transactions. Mark Stein invests $9,000 cash in the business in exchange for shares of common stock
problem 12-8 at dec 31 2013 the investments in securities available-for-sale of beale developments were reported at 78
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd