Question
Jamison Company entered into a contract with a customer with multiple performance obligations. The contract price is $4,800,000. The stand-alone prices of the components of
- Jamison Company entered into a contract with a customer with multiple performance obligations. The contract price is $4,800,000. The stand-alone prices of the components of the contract are listed below.
Stand Alone Prices Actual Cost to Jamison
Installation $1,425,000 $1,000,000
Equipment 2,100,000 1,400,000
Training 1,575,000 1,100,000
Assume that Jamison has met the performance obligation for training. What amount should Jamison record for training revenue?
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Occupational Fraud And Abuse
Authors: Joseph T. Wells
1st Edition
1889277088, 978-1889277080
