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please answer fast and please answer all. Will upvote and give good comment. Thank you! For each of the following revenue recognition situations, what should
please answer fast and please answer all. Will upvote and give good comment. Thank you!"
For each of the following revenue recognition situations, what should be the transaction price and when revenue should be recognised by the company? 1. Mart Ine, sells goods to Gold Co. for P3.500.000, payment due at delivery. a. P3,500,000 at delivery date b. P3,500,000 at the point of sale C. 72,000,000 at the point of sale d. 2.000.000 at date of payment e. P2,500,000 at the point of sale 1. 2.500.000 at the date of payment 9. P1,856,000 at date of payment h. P1,856,000 at the point of sale 2. Mart Inc. sells goods to Platinum Co. for P2,000,000, payments dae in two installments the first installment payable in 18 months and the second payment due in 6 months later. The present value of the future payments is 1,856,000 a. P3,500,000 at delivery date b. P3,500,000 at the point of sale C. P2,000,000 at the point of sale d. P2,000,000 at date of payment e. P2,500,000 at the point of sale f. P2,500,000 at the date of payment 9. P1,856,000 at date of payment h. P1,886,000 at the point of sale 3. Mart Inc, sells goods on account to Silver Co. for P2,500,000, payment due in 60 days. a. P3.500.000 at delivery date b. P3.500.000 at the point of sale C. P2,000,000 at the point of sale d. P2,000,000 at date of payment e. P2,500,000 at the point of sale f. 2.500.000 at the date of payment 9. P1,856,000 at date of payment h. P1,856,000 at the point of saleStep by Step Solution
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