Question Completion Status: QUESTION 1 Alpaca Corp. manufactures complex equipment. The normal sales price for Model 445 is $45.000, and a 10-year maintenance contract costs 5.000. In addition Alpaca offers a Model 145 and maintenance bundle for 549,000 A customer purchased a bundle on Nov. 1, 2019 and the equipment was installed on Dec. 1. Assuming Alpaca has a focal year end of 12/31. how much total revenue would Alpaca report on Dec 12 Place your answer on the first line below, and any supporting work below your answer. BIX TTTT Paragraph. Antal %D09 Of Wp . 14 + 3(12 ...T: T TO MORE TH Worte ALCETIMS Click Save and Submit to save and submit. Click Save All Arvers to see allery QUESTION 2 In general, a company that acts as an agent would record more revenue for a given transaction than a company that acts as a principal True False QUESTION 3 Dial Construction Co. began a long-term construction project on Jan 1, 2019, and the project is expected to be completed on Dec. 31, 2020. The total contract amount is $2.500. At the end of 2019. construction costs for the project so far were $800 and estimated remaining costs to complete the project were $1,200. Assuming the project qualifies to recognize revenue over time and al estimates are correct how much revenue would Dial report for 2020? Place your answer on the first line below, and any supporting work below your answer. TTTT Paragraph Arial 3/12 B.E.T.. %DOQ ETT -- 31 Sx Mashups . # HOM Wer Path Click Save and Submit to save and submit. Click Save All Awers to see all anners. QUESTION 4 Which accounts) would be increased by a credit? Sales Returns Accounts Receivable Refund Liability Unearned Revenue Construction in Progress (0) QUESTIONS Place the five steps of revenue recognition is correct order Recognize revenue as each of the performance obligations is satisfied. identify the contract with the customer. Identify the performance obligation or obligations Determine the transaction price. Allocate the transaction price if more than one performance obligation QUESTION Click Save and Submit to save and subruit. Click Sax Al Answers to sew all answers