You have been asked to comment on the accounting treatment

Assignment Help Accounting Basics
Reference no: EM13605321

You have been asked to comment on the accounting treatment for various transactions that you recorded or prepared for the financial statements by citing the appropriate section of the FASB ASC.Explain how the ASC applies to your decision for the following transactions and how you have recorded them.

1. The inventory at your company consists of computer software that the company has developed and is selling. You capitalized the cost of duplicating the software, the instruction manuals, and training material that are sold with the software.

Reference no: EM13605321

Questions Cloud

In the rectangle in the drawing a charge is to be placed : in the rectangle in the drawing a charge is to be placed at the empty corner to make the net force on the charge at
The 200 moles of gas go from having an initial volume of : an ideal gas is brought through an isothermal compression process. the 2.00 moles of gas go from having an initial
On december 31 2012 santana company has 7109200 of : on december 31 2012 santana company has 7109200 of short-term debt in the form of notes payable to golden state bank
Construct the probabiltiy distribution for y construct the : five students ann betty clint douglas and edward are rated equaly qualified for admission to law school ahead of other
You have been asked to comment on the accounting treatment : you have been asked to comment on the accounting treatment for various transactions that you recorded or prepared for
Tundra services company a division of a major oil company : tundra services company a division of a major oil company provides various services to the operators of the north slope
A water jet is ejected from the nozzle of a fountain with : a water jet is ejected from the nozzle of a fountain with speed vo 12 ms. letting beta 33 degrees determine the rate
For 5459 pregnant women using aarhus university hospital in : for 5459 pregnant women using aarhus university hospital in denmark in a two-year period who reported information on
If a company has a 25000 reduction in sales and an increase : if a company has a 25000 reduction in sales and an increase of 7000 in fixed costs with a contribution margin ratio of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining annuity payments

On January 1, 2010, Andrea purchased a 20-year annuity for $160,000 from LUKE LIBERTY (an established insurance company). Under the annuity, Andrea will receive payments of $1,480 for each month of annuity's life. How much of the annuity payments ..

  What proposals would you make for alternatives to

1. what proposals would you make for alternatives to punishments? would these alternatives work in your community?

  1 discuss the advantages and disadvantages associated with

1. discuss the advantages and disadvantages associated with the decision to implement the new system using the big bang

  Identify three potential users and design a subschema for ea

Identify three potential users and design a subschema for each. Justify your design by explaining why each user needs access to that data element.

  Max a cash basis taxpayer had 2100 in state income taxes

max a cash basis taxpayer had 2100 in state income taxes withheld from his paychecks during the current year. in april

  Forms of business organizations

What tax years are available to corporations? How do the options differ from other forms of business organizations?

  Develop recommendations and conclusions

Develop recommendations and conclusions and state them and their rationale. Using and building on the previous information (provided by you) to answer the above from multiple sources and present that data in one to two pages (12-point font, do..

  Toying with nature wants to take advantage of childrens

toying with nature wants to take advantage of childrens current fascination with dinosaurs by adding several

  What is the net present value of machine

Assume that revenue is to be recieved at each year end. and the machine has a useful life of three years with zero salvage value. Management requires a 12% return on its investments. what is the net present value of this machine?

  Now assume bill gates wants to invest only about half his

over the past few years microsoft founder bill gatess net worth has fluctuated between 20 billion and 130 billion. in

  Elliot page inc manufactures and sells two products

elliot page inc. manufactures and sells two products backpacks and purses. annual sales in units of each labor time per

  The company expects to sell about 10 of its merchandise for

the controller of dash shoes inc. instructs you to prepare a monthly cash budget for the next three months. you are

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