Which is an acceptable way to est. uncertain consideration?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which is acceptable way to estimate consideration deemed “uncertain”.
Asks which is acceptable way to estimate consideration deemed “uncertain”.
They give you a list and ask which is a cash equivalent (cash, 30-day treasury bill, money orders, 120-day treasury bill)
Asks about recognizing revenue over time, which is the indicator
Asks which of a list is an accrued liability.
Asks about characteristic for contract for purposes of revenue.
Asks of given answers which is NOT an indicator.
Asks which is NOT a step to recognize revenue.
Asks what is true about ASU 2014-09
Asks about licenses and which is true.
Asks which is NOT indicator for recognizing revenue over time.