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The company is Calendar Year, BMW agrees to sell Joe Customer a new BMW 650i for $85,000 on December 4, 2012 through one of its

The company is Calendar Year,

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BMW agrees to sell Joe Customer a new BMW 650i for $85,000 on December 4, 2012 through one of its company-owned dealerships. The cost to BMW to produce the car is $60,000. Because of the highly specified nature of the options requested by this customer, BMW must build the car from scratch, a process that will take 8 weeks. BMW anticipates delivering the vehicle on February 1, 2013. 1. Under current GAAP, how much revenue should Construction Company, Boat Builder and BMW recognize in 2012 and 2013? BMW agrees to sell Joe Customer a new BMW 650i for $85,000 on December 4, 2012 through one of its company-owned dealerships. The cost to BMW to produce the car is $60,000. Because of the highly specified nature of the options requested by this customer, BMW must build the car from scratch, a process that will take 8 weeks. BMW anticipates delivering the vehicle on February 1, 2013. 1. Under current GAAP, how much revenue should Construction Company, Boat Builder and BMW recognize in 2012 and 2013

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