Discuss whether warranties that accompanying a sale of goods is a performance obligation of the contract with
Question:
Discuss whether warranties that accompanying a sale of goods is a performance obligation of the contract with the customer and how it affects the sales recognition.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
If the warranty associated with a sale of good is required by law t...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
Question Posted:
Students also viewed these Business questions
-
Having recently applied for a contract specialist position at T&G Consulting, you have been invited in for an interview. The job requires a thorough knowledge of Article 2 - Sales, of the Uniform...
-
For this discussion, I would like you to walk us through the following examples of applying the Revenue Recognition Principle and each of the five steps used to apply the principle. After you select...
-
Study Guide for second half of term- Summer Term 2021 The UCC imposes on all parties a duty of good faith. The UCC defines good faith as honesty in fact. UCC terms: sale, goods, open terms, merchant,...
-
Simplify the following expressions according to the commutative law: a. b. A B + A C + B A c. (L M N)(A B)(C D E)(M N L) d. F (K + R) + S V + W + V S + W + (R + K) F A.B + B.A + C.D.E + C.DE + E.T.D
-
Jesse is a resident of New Jersey who works in New York City. He also owns rental property in South Carolina. During 2016, he pays the following taxes: New Jersey state estimated tax payments...
-
In Exercises, find a formula for d/dx f(g (x)), where f(x) is a function such that f(x) = x1 - x 2 . g(x) = x 2
-
The following figures are extracted from the books of a firm for the year 1994. Passenger buses 5 Numbers Bus costing Rs 50,000; Rs 1,20,000; Rs 45,000 Rs 55,000 and Rs 80,000 Depreciation 20% of the...
-
1. What will happen to the value of the U.S. dollar if oil producers decide to invest most of their earnings from oil sales in domestic infrastructure projects? 2. What factors determine the relative...
-
A loan of 10000$ is to be repaid with annual payments, at the end of each year, for the next 20 years. For the rst 5 years the payments are k per year ; the second 5 years, 2k per year ; the third 5...
-
Acme Manufacturing makes a variety of household appliances at a single manufacturing facility. The expected demand for one of these appliances during the next four months is shown in the following...
-
Sahara Ltd sells goods to Jackson Ltd. The agreement between the two parties states that Jackson Ltd pays for the goods in advance of delivery which will occur in 12 months time. Control of the goods...
-
On December 31, 2025, when the market interest rate is 14%, Cooley Realty issues \($500,000\) of 11.25%, 10-year bonds payable. The bonds pay interest semiannually. The present value of the bonds at...
-
Locate the numbers z1 + z2 and z1 z2 vectorially when (a) z1 = 2i, z2 = 2/3 - I; (b) z1 = (-3, 1), z2 = (3,0); (c) z1 = (-3, 1) z2 = (1, 4); (d) z1 = x1 + iy1, z2 = x1 - iy1.
-
Compare the alternatives that Bergerac is considering for its decision. Include: Comparison of make versus buy option in the type of operation that Bergerac is looking to integrate. You do not need...
-
Let A, B, C and D be non-zero digits, such that CD is a two-digit positive integer. BCD is a three-digit positive integer generated by the digits B, C and D. ABCD is a four-digit positive integer...
-
1.) An aluminum tube is clamped with rigid plates using four bolts as shown. The nut on each bolt is tightened one turn from 'snug'. The thickness of the plate may be considered insignificant in this...
-
4.21 Case Study Competency IV.1RM Determine diagnosis and procedure codes and groupings according to official guidelines. Competency IV.1 Validate assignment of diagnostic and procedural codes and...
-
W.E.B Dubois taught the book called "The State" to his students at Atlanta University. Who wrote this book
-
You are given the following payoff table: (a) Assume that your utility function for the payoffs is U(x) = x. Plot the expected utility of each alternative versus the value of p on the same graph. For...
-
Catalytic hydrogenation of naphthalene over PdC results in rapid addition of 2 moles of H 2 . Propose a structure for this product.
-
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
-
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...
-
Kirk and Spock formed the Enterprise Company in 2010 as equal owners. Kirk contributed land held an investment ($50,000 basis; $100,000 FMV), and Spock contributed $100,000 cash. The land was used in...
Study smarter with the SolutionInn App