BE 6.08 – Vroom Vacuums
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given details on a contract… determine the number of obligations.
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Given details on a contract… determine the number of obligations.
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Given details on a contract and the opportunity for a discount at the time of purchase… determine the number of performance obligations.
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Given the details of a contract with fixed and additional fees… determine the transaction price.
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Given the prepaid amount, total assets, performance bonus, and the company’s estimated bonus.. determine the transaction price.
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With the description of a situation on selling cosmetics… determine the revenue that is recognized.
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Given the price a computer is sold for, along with the commission that is kept… determine the amount of revenue recognized.
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Given the payment amount and interest rate they ask you to calculate the sales revenue that would be recognized.
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What is the amount of deferred revenue that Hodge Beanery would recognize on January 1, for a coffee roaster it will deliver to Kennedy Company on December 31, considering a significant component of the transaction as the time value of money and a given interest rate?
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Given merchandise sold, advertising services payment, and fair value… figure out how much revenue should Lewis Co. record for the merchandise sold to AdCo?
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Given the price of a full set of clubs, club fitting services offered by other vendors, percent upcharge usually offered… find the stand-alone price for club fitting service.
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