On December 31, 2020, Coolwear Inc. had a balance in its prepaid insurance account of $51,400. During 2021. 589,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $43,500, Insurance experen for 2031 $89,000 $96,900 $7.900 $140,400 Verma, Inc. sells office furniture. In 2021, it sold 200 desks for $500 each. For each desk sold, verma distributed a discount coupon for purchase of an office chair within one month. Based on historical experience, Verma expects that approximately 20% of the coupons will be utilized. The chairs purchased with the coupons are priced at $150 and normally discounted 10%. What would be the standalone sales price used by verme for the coupon when allocating the $500 transaction price to performance obligations? So $12 $15 $75 I Boomerang Computer Company sells computers with an unconditional night to return the computer if the customer is not satisfied. Boomerang has a along history selling these computers under this return policy and can provide precise estimates of the amount of returns associated with each sale. Boomerang most likely should recognize revenue: When Boomerang delivers a computer to a customer, ignoring potential return When Boomerang delivers a computer to a customer, in an amount that is reduced by the expected returns When Boomerang receives cash from the customer When a customer returns a computer