3) Doggy Bag LLC is a subscription-based food delivery service. Doggy Bag LLC purchases food from local grocery stores and restaurants that is about to expire at a large discount. Doggy Bag LLC then delivers the food to the customer's home. Customers pay a $429 yearly membership fee, plus a variable amount with each delivery for the food itself. The variable amount typically is between $7 and $11 per delivery. Doggy Bag LLC remits the variable amount directly to the grocery store or restaurant from which it purchased the food. In 2018, the company had 22 customers who paid the yearly membership fee. Customers received food deliveries 75 times in 2018 (approximately 1.5 deliveries per week). The average amount collected in variable amounts for the food itself was $10.50 per delivery. How much revenue should Doggy Bag LLC report for 2018? 4) For the purposes of revenue recognition, the transaction price might have a significant financing component if which of the following is true: 1) Payments occur at the same time as the fulfillment of the performance obligations and interest rates are high. 2) Payments occur at the same time as the fulfillment of the performance obligations and interest rates are low. 3) Payments occur at significantly different times from the fulfillment of the performance obligations and interest rates are high. 4) Payments occur at significantly different times from the fulfillment of the performance obligations and interest rates are low. 5) For which of the categories of investments are assets carried at the lower of amortized cost or market (i.e., not at fair value, unless the fair value option is elected)? 1) Investments in equity securities 2) Equity method investments 3) Trading debt 4) Available-for-sale debt 5) Debt held-to-maturity retire this asset at the end of 2030. The company's discount rate is 7.0%. 6) Gunk Co. reported an asset retirement obligation on its 2019 financial statements. The company estimates that it will need to spend $421 Record the journal entry for the accretion expense related to the asset retirement obligation for Gunk in 2020. (Check all that apply.) Cr. Interest payable -- $14.0 Dr. Accretion expense --$29.5 Cr. Asset retirement obligation --$29.5 Cr. Asset retirement obligation -- $14.0 Dr. Asset retirement obligation -- $14.0 Dr. Accretion expense -- $14.0 Dr. Interest expense -- $15.5