Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 23, 2024

Allocate the transaction price to the performance obligations Performance Obligations Stand-alone Selling Price Pro-rata Transaction Price Hotel Room 160 67% 140 Breakfast 2 x $40

Allocate the transaction price to the performance obligations Performance Obligations Stand-alone Selling Price Pro-rata Transaction Price Hotel Room 160 67% 140 Breakfast 2 x $40 80 33% 70 240 210 how to calculate the percentage of pro rata

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman

3rd Canadian edition

176530886, 176721231, 978-0176721237

More Books

Students also viewed these Accounting questions

Question

★★★★★

Business is going well for Park N Fly, the company that operates remote parking lots near major airports. The board of directors of this family-owned company believes that Park N Fly could earn an...

Answered: 1 week ago

Question

★★★★★

Obtain insights from viewing the service encounter as a form of theater.

Answered: 1 week ago

Question

★★★★★

3. Understand the implications of existing findings for the prevention of interpersonal violence.

Answered: 1 week ago

Question

★★★★★

Pratt & Whitney, a major aircraft engine manufacturer, wants to re-evaluate the transportation mode it uses to send unfinished parts to its joint-venture facility' in Chengdu, China.6 Annual demand...

Answered: 1 week ago

Question

★★★★★

On October 1, 2020, Flounder Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $138,800, 8% note (a...

Answered: 1 week ago

Question

★★★★★

27. (1 point) If x"(1) = -10, x'(1) = 0 and x(1) = 6, then x (1 ) =_ 28. (1 point) If s" (1) = - 72's -2, s'(1) = 1 and s(1) = 0, then x (1) S' ( 1 ) =_ Answer(s) submitted: s (1 ) =_ Answer(s)...

Answered: 1 week ago

Question

★★★★★

Write essay of a minimum of 1100 and a maximum words of 1400 ( pages of 3 -4) on the following: 1. Briefly differentiate between the modes of transport the business will need to utilise to gettheir...

Answered: 1 week ago

Question

★★★★★

Sara Lehtonen is the president and owner of Lehtonen Consulting Inc. (LCI). LCI provides various market research services to identify and understand customer preferences through three activities: (1)...

Answered: 1 week ago

Question

★★★★★

PORTAGE COLLEGE Diversity Awareness Course Score | Home | Help | Exit Module 2 Post-Test Module 1 Module 2 Module 3 Module 2 Post-Test h As we grow and learn more about diversity we will transition...

Answered: 1 week ago

Question

★★★★★

Markus Ltd., a one-year-old e-marketing company, aspires to have the best risk management processes. However, as the company has only been around for a short period of time, it lacks risk management...

Answered: 1 week ago

Question

★★★★★

Why is there a rule-making process for information contained in financial reports? Select an answer: so outsiders can compare different companies so companies in different industries can have custom...

Answered: 1 week ago

Question

★★★★★

Read the article "OSHA & Ergonomics Enforcement under the General Duty Clause By Adele L. Abrams" and comment on a significant idea you gained from the material.

Answered: 1 week ago

Question

★★★★★

Armed conflicts.

Answered: 1 week ago

Question

★★★★★

Take responsibility for the other persons or others experience of the situation.

Answered: 1 week ago

Question

★★★★★

Pollution

Answered: 1 week ago

Previous Question Next Question