Revenue Recognition PLEASE SHOW YOUR WORK ON A SEPARATE SHEET OF PAPER TO UPLOAD AFTER THE EXAM On Aprili New Age Barketing entered to a contract with Masters inc to died its latest how-an video to the Masterclass network. If the video is ce the Masterclass newark, New Age Marieting will be able to sead-on videos consong services, and add one products directly to consumers Now Marketing pays anatom price of $2.000 for its video to be on Masterclass for months Now Age Marketing wants 1.000 users to watch the video on Masterclasses happens the New Age Mathis will pay attentclass an additionals 200 bonut. Masterclass believes there is an dot chance that counts will vir ew Age Marketing video by December Assume Masterclass uses the expected vane metod Answer the allowing sections below Please note the following . Every box should have a dollar amount. Entoro the transaction has no impact on the financial statement element Only enter numbers Donese dollar signs or coma For example 3000 . Round final anwers to the nearest whole dollar 1. Determine the Transaction Price 2. Determine the amount of revenue recognized on April 3. Assume 3.100 switched New Age Marketing video by December 31 What net impact wil this transaction we on current period cash flow for the year Assume o wached New Age Marketing video by December 31. How would Master Claus lowering that they will not receive the bonus on December 31 affect sets, labies and culty se that date? Assets Liabilities Equity Revenue Recognition PLEASE SHOW YOUR WORK ON A SEPARATE SHEET OF PAPER TO UPLOAD AFTER THE EXAM On Aprili New Age Barketing entered to a contract with Masters inc to died its latest how-an video to the Masterclass network. If the video is ce the Masterclass newark, New Age Marieting will be able to sead-on videos consong services, and add one products directly to consumers Now Marketing pays anatom price of $2.000 for its video to be on Masterclass for months Now Age Marketing wants 1.000 users to watch the video on Masterclasses happens the New Age Mathis will pay attentclass an additionals 200 bonut. Masterclass believes there is an dot chance that counts will vir ew Age Marketing video by December Assume Masterclass uses the expected vane metod Answer the allowing sections below Please note the following . Every box should have a dollar amount. Entoro the transaction has no impact on the financial statement element Only enter numbers Donese dollar signs or coma For example 3000 . Round final anwers to the nearest whole dollar 1. Determine the Transaction Price 2. Determine the amount of revenue recognized on April 3. Assume 3.100 switched New Age Marketing video by December 31 What net impact wil this transaction we on current period cash flow for the year Assume o wached New Age Marketing video by December 31. How would Master Claus lowering that they will not receive the bonus on December 31 affect sets, labies and culty se that date? Assets Liabilities Equity
