How does a seller allocate a transaction price to a contract's performance obligations?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
If an arrangement has multiple performance obligations the s...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Cost Accounting questions
-
How does a seller's market differ from a buyer's market?
-
What methods allocate the total transaction price to performance obligations?
-
How does a seller account for any consideration paid to a customer?
-
What is a random variable? What is a discrete random variable? What is a continuous random variable? Give some examples of discrete random variables.
-
What is a T-account? Describe the basic components of any account.
-
Global Technology is based in the USA and prepares its financial statements in dollars. On December 5, 20X5, Global had two sales transactions with customers in Europe. The first transaction was for...
-
Visit http://www.law.cornell.edu. Click on "Constitutions and Codes," then "Other Uniform Laws." Select a state from "state list". Then click on "Judicial Opinions." Search for a case concerning...
-
C&C Sports has determined the following unit costs for each of its products: On May 31, C&C Sports Work in Process Inventory consisted of the following items: During June, a total of $191,591 in...
-
Please read the article Ashlea Ebeling, IRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple, Forbes (Oct. 19, 2017) (Links to an external site.) . One of the reasons that we...
-
The worker shown below is grinding down the sharp metal edges resulting from punching out the metal frame for HP printers. The printer weighs 15 lbs and the standard time for her job is 0.2 min. a)...
-
We recognize service revenue either at one point in time or over a period of time. Explain the rationale for recognizing service revenue using these two approaches.
-
What must a contract include for the contract to exist for purposes of revenue recognition?
-
Suzette inherited property from her father on April 19, 2018. The FMV at the date of death was $40,000. The property was worth $35,000 six months later and had a basis to her father of $25,000. a....
-
Debit ($) Credit ($) Sales 315,000 Purchases 96,840 Carriage inwards 4,100 Carriage outwards 10,650 Office expenses 24,565 Salaries 55,025 Advertising 25,000 Utilities 13,450 Insurance 20,700 Returns...
-
Prof Ahtrap thinks of an n-bit boolean string in mind which is called the magic cipher. Your objective is to discover the magic cipher by posing questions to him. You can question him in only one...
-
Write a four to five-page paper (1000-1250 words) that synthesizes your understanding of followership. Your paper should address the following topics: Describe the negative cultural stereotypes about...
-
1) To what extent should AI be involved in the recruitment process (i.e., trying to build your candidate pool), the hiring process (i.e., after you have a candidate pool and need to figure out who to...
-
Tools, Inc., a manufacturer of power hand tools, is concerned with the apparent lack of controls over cost incurrence in its Power Tool Division. The division has always used a plant-wide rate for...
-
Find expressions for shear force V and moment M at mid-span of beam AB in terms of peak load intensity q 0 and beam length variables a and L Let a = 5L/6. A V, M at L/2 a L- 90 C B DO
-
A circular concrete shaft liner with Youngs modulus of 3.4 million psi, Poissons ratio of 0.25, unconfined compressive strength 3,500 psi and tensile strength 350 psi is loaded to the verge of...
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
12.13 NVCC Lab: Binary Expression Tree A binary expression tree is a specific kind of a binary tree used to represent expressions. The leaves of the binary expression tree are operands, and the int...
-
The Salaries Payable account of James Bay Company Limitedappears below:Salaries Payable 24,480 Bal. Jan. 1, 2020Entries during 2020 410,250 396,000 Entries during 2020The company records the salar 2...
-
Program Name: GolfGames.java Golfing Emporium wants a program to help them analyze their clients' putt-putt golf games. They want to be able to easily get information from the different golf scores....
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App