How does a seller allocate a transaction price to a contract's performance obligations?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
If an arrangement has multiple performance obligations the s...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Cost Accounting questions
-
How does a seller's market differ from a buyer's market?
-
What methods allocate the total transaction price to performance obligations?
-
How does a seller account for any consideration paid to a customer?
-
What is a random variable? What is a discrete random variable? What is a continuous random variable? Give some examples of discrete random variables.
-
What is a T-account? Describe the basic components of any account.
-
Discuss the characteristics and differences of the Over the Counter (OTC) market and the organized securities exchange. b. By use of relevant examples, explain how liquidity risk, interest rate risk...
-
What are the factors that shape software modeling?
-
Direct material variancessolving for price and usage variances. Fiberworks Company is a manufacturer of fiberglass toy boats. The company has recently implemented a standard cost system and has...
-
Irvine Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $13,000 Dividends $1,300...
-
Josephine Mater works for the supply-chain analytics division of Trader Joes, a national chain of specialty grocery stores. Trader Joes is considering a redesign of its supply chain. Josephine knows...
-
We recognize service revenue either at one point in time or over a period of time. Explain the rationale for recognizing service revenue using these two approaches.
-
What must a contract include for the contract to exist for purposes of revenue recognition?
-
That gift cost ________________. (a) forty dollars, (b) $40, (c) $40 dollars. Choose the option that is correctly expressed.
-
Describe how the development of alternative models of nonmarital relationships has impacted many areas of substantive law.
-
Identify the six most common dispute resolution options used in divorce cases. What are the primary differences among them (particularly with respect to the role of the attorney)?
-
Identify the primary purposes of a letter of engagement, a letter of nonengagement or declination, and a closing letter.
-
Describe the major distinction in the effect of a religious and a civil divorce or annulment in the United States.
-
True Or False Attorneys who talk openly with their clients are less likely to be sued for negligence when they make mistakes than attorneys who treat their clients in a paternalistic manner.
-
As fresh-poured concrete hardens, the chemical transformation releases energy at a rate of 2 W/kg. Assume that the center of a poured layer does not have any heat loss and that it has an average heat...
-
A simple random sample of 220 university students were asked what pasta they usually order and with which sauce. The preferences of these respondents are summarised below: Sauce Bolognese Pasta...
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
What is the difference between a future taxable amount and a future deductible amount? When is it appropriate to record a valuation account for a deferred tax asset?
-
MUN Faculty of Business Administration | Managing Social Enterprises: Marketing Ultimate project goal Write a letter that appeals to me (or your audience), and convinces them to take a key action, or...
-
A franchisee has yearly gross sales of $200,000, net profit of $30,000, gross profit of $15,000, and brand royalties of 5 percent. What amount is the franchisee likely to pay the franchisor per annum?
-
Some remedies and preventive measures have been put forth to slow or forestall currency crises, such as capital controls and intermediate regimes (i.e., fixed or floating exchange rates). Discuss...
Study smarter with the SolutionInn App