BE 6.15 – Continental Fund Services, Inc
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the prepaid amount, total assets, performance bonus, and the company’s estimated bonus.. determine the transaction price.
Given the prepaid amount, total assets, performance bonus, and the company’s estimated bonus.. determine the transaction price.
With the description of a situation on selling cosmetics… determine the revenue that is recognized.
Given the price a computer is sold for, along with the commission that is kept… determine the amount of revenue recognized.
Given the payment amount and interest rate they ask you to calculate the sales revenue that would be recognized.
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?
Given merchandise sold, advertising services payment, and fair value… figure out how much revenue should Lewis Co. record for the merchandise sold to AdCo?
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.
Given the cost of a set of clubs, price of staff compensation, and the percent overcost … find the stand-alone price.
Given the price of clubs with and without services … find the stand-alone price for the service under the residual approach.
Given the information on two licenses that are sold on September 1 … find the amount of revenue.