Answered step by step
Verified Expert Solution
Question
1 Approved Answer
+ Ch 6: Homework Question 9 of 9 Ch 6: Homework Question 9 Of 9 View Policies Current Attempt in Progress Blossom Company sells goods
+ Ch 6: Homework Question 9 of 9
Ch 6: Homework Question 9 Of 9 View Policies Current Attempt in Progress Blossom Company sells goods that cost $250.000 to Ayayai Company for on January 2.2020 The sales price includes an installation fee, Which is valued $41,000 The fair value Of lhe is $369,000. The Or i Mareh I, 2020 Installation is considered a separate performance obligation and was completed on June 18.2020. Under the terms of the contract Ayayai Company pays Blossom $250,0CA3 upon delivery of the goods and the balance at the completion of the installation. using the five-slep process revenue determine and much would be by Assume F RS is followed. (Round wcenta* allocations to 2 decimo' places, 1525 and final answe O dima' p'aces, e.g. 5,275) Performance Obligation Deliver goods Installation Total When? March 1, 2020 June 18.2020 HCM much?
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