Item	Recognition of Asset, Liability, or Neither	Account Name	Measurement Amount	Current or Noncurrent
1. On March 1, 2021, Bravo Company received $5 million deposit from a customer and agreed to provide customized services to the customer in the next 6 months.
2. Bravo acquired company ABC by paying $3 million above the market value of the identifiable assets minus liabilities of ABC.
3. Bravo placed an $40,000 order to purchase inventory from its supplier. The supplier is assembling the products and will ship them to Bravo within next 14 days.
4. During 2021, Bravo spent $2 million on R&D innovation which led to a patent. The company spent $80,000 to register for the patent.
5. Bravo sold products to customers in 2021 that have an estimated warranty coverage of $1 million. The claims will be paid in 2022.