FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Customer L pays 16000 upfront on 1july 2020. Etna determines taht if it were to charge a separate fee for each service separately, the fee

Customer L pays 16000 upfront on 1july 2020. Etna determines taht if it were to charge a separate fee for each service separately, the fee would be joining fee-2000, dental service-8000, chiroparatic service-10000.prepare the journal entry to record this transation in accordance with AASB15/ IFRS 15 at july 202 at inception of the agreement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Managerial Accounting

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions

Question

Question 5 (1 point) Listen Keeping the software after being given the terms inside the package and having the opportunity to give it back is what form of an agreement Software as a service agreement...

Answered: 1 week ago

Question

Customer L pays 16000 upfront on 1july 2020. Etna determines taht if it were to charge a separate fee for each service separately, the fee would be joining fee-2000, dental service-8000, chiroparatic...

Answered: 1 week ago

Question

Customer L pays 16000 upfront on 1july 2020. Etna determines taht if it were to charge a separate fee for each service separately, the fee would be joining fee-2000, dental service-8000, chiroparatic...

Answered: 1 week ago

Question

★★★★★
1. Green logistics advocates a type of SCM that minimizes the environmental impacts including climate change, air pollution, water pollution, soil degradation, solid waste, noise, vibration, and...

Answered: 1 week ago

Question

★★★★★
The man picks up the 52-ft chain and holds it just high enough so it is completely off the ground. The chain has points of the attachment A and B that are 50 ft apart. If the chain has a weight of 3...

Answered: 1 week ago

Question

★★★★★
The ledger of Basler Company includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance (b) Depreciation Expense (c) Unearned Service Revenue (d) Interest...

Answered: 1 week ago

Question

★★★★★
Describe critical events in the emergence of clinical psychology as a formal profession?

Answered: 1 week ago

Question

★★★★★
Progressive Company reported the following asset values in 2014 and 2015: In addition, in 2015, Progressive had sales of $4,800,000; cost of goods sold for the year was $2,900,000. As of the end of...

Answered: 1 week ago

Question

★★★★★
Study the information provided below and answer the following questions. 1.1 Were there any additions to or disposals of property, plant and equipment during the financial year ended 31 December...

Answered: 1 week ago

Question

★★★★★
While James Craig and his former classmate Paul Dolittle both studied accounting at school, they ended up pursuing careers in professional cake decorating. Their company, Good to Eat (GTE),...

Answered: 1 week ago

Question

★★★★★
Discuss how m&a are changing the rules of the strategic game (or not) after you read "how emerging giants are rewriting the rules of m&a" aricle written by nirmalya kumar? Discuss the...

Answered: 1 week ago

Question

★★★★★
A 64-year male patient gets admitted to the ICU in the hospital with respi- ratory rate of 22, heart rate of 90, Glasgow Coma Scale score of 6 and blood pressure of 63, compute the mortality (i.e.,...

Answered: 1 week ago

Question

★★★★★
At steady state, a reversible heat pump cycle discharges energy at the rate to a hot reservoir at temperature TH, while receiving energy at the rate 2c from a cold reservoir at temperature Tc. (a) If...

Answered: 1 week ago

Question

★★★★★
Problem 8-24 (Algo) Cash Budget with Supporting Schedules (L08-2, LO8-4, LO8-8] Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The...

Answered: 1 week ago

Question

★★★★★
A. Draw a graph to show equilibrium price. (3 points) Demand Supply Equilibrium price Quantity A Draw a graph to show equilibriurn price. (3 points)

Answered: 1 week ago

Question

★★★★★
Imagine a senior executive has asked you to conduct an organizational self-assessment based on the Four-Frame Model. Choose an organization that you either worked for, are familiar with, or have...

Answered: 1 week ago

Question

★★★★★
Page 1 of 1 Multiple Choice Question 97 Sunland Company owns machinery with a book value of $768000. It is estimated that the machinery will generate future cash flows of $692000. The machinery has a...

Answered: 1 week ago

Question

★★★★★
Explain five different cases of income exempt from tax with clear examples.

Answered: 1 week ago

Question

★★★★★
31. CPMP and word problems. The study of the new CPMP mathematics methodology described in Exercise 27 also tested students abilities to solve word problems. This table shows how the CPMP and...

Answered: 1 week ago

Question

★★★★★
30. IT training costs. An accounting firm is trying to decide between IT training conducted in-house and the use of third party consultants. To get some preliminary cost data, each type of training...

Answered: 1 week ago

Question

★★★★★
33. Trucking company. A trucking company would like to compare two different routes for efficiency. Truckers are randomly assigned to two different routes. Twenty truckers following Route A report an...

Answered: 1 week ago

Previous Question Next Question