a. In general, what is the policy of Alexander & Baldwin for recognizing revenue? b. Voyage Revenue
Question:
a. In general, what is the policy of Alexander & Baldwin for recognizing revenue?
b. Voyage Revenue Recognition: Revenue recognition - "commonly referred to as the percentage-of-completion method." "Voyage expenses are recognized as incurred."
Could this represent a challenge when matching cost with revenue?
c. Logistics Services Revenue Recognition: "Revenue and the related purchased transportation are recognized based on relative transit time, commonly referred to as the percentage-of-completion method." Does this appear to be reasonable?
d. Real Estate Sales Revenue Recognition: There appear to be two methods used for revenue recognition for real estate sales. Describe these methods.
e. Real Estate Leasing Revenue Recognition: Describe this method.
Step by Step Answer:
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe