Which would be an example of multiple performance obligation

Assignment Help Accounting Basics
Reference no: EM132724994

Problem 1: Which of the following would be an example of multiple performance obligations?

Option 1: Customer accepts delivery for a new outdoor spa tub.

Option 2: Customer purchases a family pack of tickets to the Wolves football team that includes multiple tickets for the same game

Option 3: Customer purchases a new gas range and two-year extended warranty.

Option 4: Contractor is hired to fix an overhead door and replaces several parts including springs and tracks.

Reference no: EM132724994

Questions Cloud

Make the journal entry for big bird ltd to record the work : Big Bird Ltd owns 61% of Peter Pan Ltd, 49% of Scooby-doo Ltd, Make the journal entry for Big Bird Ltd to record the work paper investment elimination entries
Financial investment in the corporation : The responsibility of the directors of a corporation is to provide a return to shareholders on their financial investment in the corporation;
Legal claims against capstone corporation : Does Paula have any legal claims against Capstone Corporation? What about Paula's actions? Do Paula and Freddy have a contract for the sale of the Mustang?
What is the cost of goods sold using the weighted average : A company has beginning inventory of 300 units at $ 14.23 each; What is the cost of goods sold using the weighted average inventory method
Which would be an example of multiple performance obligation : Which would be an example of multiple performance obligations? Contractor is hired to fix an overhead door and replaces several parts including springs
Calculate non-controlling interest as reflected in equity : Marsh paid $5,000 in dividends to shareholders on record as at December 31, 2020. Calculate non-controlling interest as reflected in equity at December
Explain describition about freedom and surf product : Size the current/ future market, what are the annual sales of this category of product in Canada, the USA or world? describition about freedom and surf product?
Violation of kansas state tort law : A case is brought against Officer Harris alleging a violation of Section 1983 (federal law) and a violation of Kansas state tort law.
Find why determination of materiality is a matter of auditor : Find why determination of materiality is a matter of auditor judgment. Refer to both qualitative and quantitative materiality assessments.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the journal entry that bulgur will make to record

On January 1, 2020, Bulgur Corporation issues, What is the journal entry that Bulgur will make to record the second bond interest payment on December 31, 2021?

  What income effects would be reported from its ownership

On Pine's financial statements for the year ended December 31, 2015, what income effects would be reported from its ownership in Seacrest?

  What is the accounting equation

What is the accounting equation? Suppose your company sold $12,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?

  Prepare Skysong journal entry to record the issuance

Skysong Corporation issued 1,700 shares of its $10 par value common stock for $68,400. Prepare Skysong journal entry to record the issuance

  In the past most settings were made by hand and the

cost allocation and apparent profitability. diamonds etc. manufactures jewelry settings and sells them to retail

  Question - Sales-Revenue Approach - Variable-Cost Ratio

Question - Sales-Revenue Approach: Variable-Cost Ratio; Contribution Margin Ratio. What is Lambert's variable cost ratio? Its contribution margin ratio

  Repaid in equal quarterly installments

Mr. Sullivan is borrowing $2,000,000 to expand his business. The loan will be for ten years at 12% annual interest and will be repaid in equal quarterly installments. How much will each quarterly payment be?

  Determine the amounts of factory labor costs transferred to

a summary of the time tickets for the current month

  Describes the role of ethics in a business environment

describes the role of ethics in a business environment?Which of the following best:-guiding the conduct by which companies and their agents abide by the law

  Indicate the type of reorganization

For each of the three scenarios below please answer the following questions. a. Is the transaction taxable?

  Determining the operating profit

A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales, and sales were $1,000,000. Operating profit was:

  Problem regarding the dividend income

West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield of 3.2 percent. How much dividend income will you receive per year if you purchase 200 shares of this stock?

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