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!
Mauer Company licenses customer-relationship software to Hedges Inc. for 3 years. In addition to providing the software, Mauer promises to provide consulting services over the life of the license to maintain operability within Hedges’ computer system. The total transaction price is $200,000. Based on standalone values, Mauer estimates the consulting services have a value of $75,000 and the software license has a value of $125,000. Upon installation of the software on July 1, 2014, Hedges pays $100,000; the contract balance is due on December 31, 2014. Identify the performance obligations and the revenue in 2014, assuming (a) the performance obligations are interdependent and (b) the performance obligations are not interdependent.
SHOW ALL STEPS:
a) If interdependent, the contract is accounted for as a single revenue amount of $
b) If not interdependent, service revenue is $
and the license revenue is $
Prepare the entries to recognize the borrowing, the first year's interest expense, and the second year's interest expense plus redemption of the note at maturity.
journal entry to record sales and cost of sales.on 315 janets spa purchased 90 plush robes from randys spa supplies.
questionzoya arbiser regional manager of gold medal sports shops is analysis the results of 15 stores in her region.
question 1. the actual costs and standard costs for direct materials for the manufacture of 2500 actual units of
For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. Compute Warren's actual return on plan assets.
Alice Johnson, Social Security number 222-23-3334, is single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: How to complete question 2 "Rec..
As you will recall from Unit 1, product costs include manufacturing overhead, as well as direct costs such as labor and materials. In Job-order costing this manufacturing overhead needs to be computed and included in the cost of the “job”. Why would ..
Prepare a single-step income statement for the year ended April 30, 2014 and prepare a multiple-step income statement for the year ended April 30, 2014 and what are the advantages of the multiple-step income statement?
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Inventories Beginning Ending Raw materials $ 10,000 $ 19,200 Work in process $ 55,000 $ 66,000 Finished goods $ 34,200 $ 42,500. Prepare a schedule ..
question the diamond freight company has been provided a seven-year contract to haul munitions for the government.
Jakes policy is to maintain an ending inventory equal to 20% of the next quarter sales. each surfboard costs $140 and sol for $200. How many units should jake produce during the first quarter of 2007?
The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the requi..
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