Question
BSI sells some computers off the shelf while some computers are made to order and require a deposit before being made. On August 28, 2018,
BSI sells some computers "off the shelf" while some computers are made to order and require a deposit before being made. On August 28, 2018, BSI sells a computer for $15,000 that will be made to order with a cost of $8,000. The customer makes a cash deposit of $10,000 on August 28, 2018 with the remainder to be paid at delivery of the computer which is expected to be in March 2019. On March 22, 2019, BSI delivers the computer to the customer.
What would the effect of the March 22, 2019 product delivery be on BSI'snet income?
What would the effect of the March 22, 2019 product delivery be on BSI'sassets?
What would the effect of the March 22, 2019 product delivery be on BSI'sliabilities?
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
