Question
Google LLC is evaluating its revenue recognition methods. The following data is provided: Sales Revenue: $50,000,000 Accounts Receivable: $5,000,000 Deferred Revenue: $2,000,000 a) Calculate the
Google LLC is evaluating its revenue recognition methods. The following data is provided:
● Sales Revenue: $50,000,000
● Accounts Receivable: $5,000,000
● Deferred Revenue: $2,000,000
a) Calculate the Recognized Revenue using the percentage of completion method. b)
Determine the Recognized Revenue using the completed contract method. c) Analyze the
impact of revenue recognition methods on financial statements. d) Evaluate the implications of
using different revenue recognition methods. e) Assess the appropriateness of revenue
recognition methods for Google.
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