Quiz – Sullivan Software
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given information about selling a software program, they ask you to determine the amount of revenue recognized attributing to the program.
Given information about selling a software program, they ask you to determine the amount of revenue recognized attributing to the program.
Given the sales agreement for the payment of golf clubs along with advertising costs, they ask you to prepare journal entries to record recognized revenue on the sale.
Given the amount of an initial license fee along with the years on a license agreement, they ask you to determine the amount of revenue that is recognized.
Given the initial license fee, years on the agreement, and bonus per year they ask you to determine the amount of transaction price estimated.
Given information relating to a bus service and probabilities of accidents, they ask you to prepare journal entries to account for recognized revenue.
Given the number of desks sold, the price of each desk, the coupon distributed, and the number of coupons that will be utilized, they ask you to determine the stand-alone sales price.