What amount of revenue should be recognized

Assignment Help Accounting Basics
Reference no: EM132720400

Question: How should a company recognize recognize revenue for the satisfaction of its performance obligation(s)? What amount of revenue should be recognized for the following periods: the three months ended June 30th, the three months ended September 30th, and the three months ended December 31st?

Reference no: EM132720400

Questions Cloud

Discuss the concept of globalization vs customization : IKEA case: Discuss the concept of globalization vs. customization and the measures taken by the global brand to recognize that offerings and communication.
Determine the current ration : For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $31,000, accounts receivable $106,000, inventories $102,000.
What do you understand by conservatism : Discuss relationship between Materiality and Full disclosure with the help of example. What do you understand by "Conservatism"? Explain with example.
How does a decrese in ratio of the time earned : How does a decrese in ratio of the time earned from 13.01 in 2019 to 7.18 in 2020 & a decrese in debt to asset ratio from 0.92 -0.90 influence the planning.
What amount of revenue should be recognized : How should a company recognize recognize revenue for the satisfaction of its performance obligation(s)? What amount of revenue should be recognized.
Prepare the retained earnings section of the sce : In October 2019, Green Apple Food Corp hired Susan Lau as their new CFO. Susan then launched a thorough review of corporation's past accounting.
What is the outside basis of each member : Mark and Jeremy form an LLC. Mark is the manager and contributes $50,000 and Jeremy contributes $50,000. The LLC borrows $900,000 on a nonrecourse basis.
How does depreciation affect the income statement : How is the accumulated depreciation reported on the balance sheet and what is the effect, i.e., does it increase or decrease the assets?
How should the preferred stock be accounted : A parent company owns an 80% interest in the voting common stock of its subsidiary. the subsidiary also has outstanding s10,000 shares of 4% cumulative.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd