Reference no: EM133042502
Questions -
Q1. A department store sells a television set that was a one-year warranty (quality-assurance) that covers any product defects. When customers purchase a TV set, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. The extended warranty sells for the same amount regardless of whether it is purchased at the same time as the TV set or at some other time. How many performance obligations does the department store have?
Q2. In 2018, SM Residences entered into a 3-year agreement in to construct a condominium project for a contract price of P10,000,000. SM recognizes construction contract under the percentage of completion method. For the year ended 2018, the following balances were found in SM's books: Progress Billings P2,000,000; Accounts Receivable P1,000,000; Construction in Progress P3,500,000, Costs incurred to date P2,800,000. For 2019, the balances are Progress Billings P3,000,000; Accounts Receivable P1,200,000; Construction in Progress P6,500,000, Costs incurred to date 5,500,000. What is the percentage of completion in 2019?
|
Briefly describe three individual components of audit risk
: Briefly describe THREE (3) individual components of audit risk as prescribed under International Standards on Auditing (ISA) 200
|
|
C11IB International business context Assignment
: C11IB International business context Assignment Help and Solution, Heriot-Watt University - Assessment Writing Service
|
|
Record all the transactions in stock ledger cards
: Record all the transactions in stock ledger cards using three methods of inventory control, i.e. LIFO, FIFO and AVCO
|
|
Does the company require an australian market license
: In both the situations described above, contracts are negotiated directly between the investor and the dealer, Does company require an Australian market license
|
|
What is the percentage of completion
: Accounts Receivable P1,200,000; Construction in Progress P6,500,000, Costs incurred to date 5,500,000. What is the percentage of completion in 2019
|
|
Prepare the journal entries to record the purchase
: Assuming that Sandhill uses the cost reduction method, prepare the journal entries to record the purchase of the equipment and the receipt of government grant
|
|
Argumentative research paper
: Argumentative research paper can be related to any of the themes/concepts you have learned in class or in another area related to popular culture
|
|
What is the monetary value of fringe benefits
: Fringe benefit tax expense 53 846 fringe benefit expenses 400,000. What is the monetary value of fringe benefits given to rank and file employee
|
|
What is yoshi purchase price
: Yoshi purchased a Treasury bond with a coupon rate of j2=3.32% and face value of $100 on 18/5/2020. What is Yoshi purchase price
|