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can someone calculate the current balance of retained earnings a. identify the performance obligations accurately b. recognize revenue to depict the transfer of goods/services in

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a. identify the performance obligations accurately b. recognize revenue to depict the transfer of goods/services in an amount reflecting the consi c. to allocate the total transaction price to goods/services based on fair values d. to analyze contracts with customers because contracts initiate revenue transactions 29. Performance obligations are partially determined (identified) based on b. how similar they are to each other c. None of these is correct a. how distinct they are from each other c. the likelihood of achieving the revenue 30. The "new" revenue recognition standard is basically the same as the "old" standard in that a. revenue is still recognized upon delivery of the goods/services b. performance obligations are measured the same way c. the timing of the revenue recognition is exactly the same d. the amount of revenue recognized for each obligation is essentially the same Problem One (a): 10 points : (Computation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation. Total income since incorporation Total cash dividends paid Total value of stock dividends distributed 30,000 ains on treasury stock transactions amortized discount on bonds payable 32,000 S317,000 60,000 18,000 uired: Show calculations to determine the company's current balance of retained earnings

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