Question: If a seller enters into more than one contract with
If a seller enters into more than one contract with a specific customer, when should the contracts be combined and treated as a single contract?
Answer to relevant QuestionsWhen should a seller account for a contract modification as a separate contract? Robotics Inc. contracts with a customer to build a custom robot to be used in the customer’s manufacturing operations for $ 2,000,000. If the robot is delivered and operational by January 1, the customer will pay Robotics ...Assume the same facts as in RE17-2. If Yankee determines that the additional services are distinct from the goods and services transferred in the original contract, how would it account for the modification? WaterWorld Inc. operates an aquarium and water park in Orlando, Florid a. In addition to daily admission tickets, WaterWorld offers two other ticket options. First, it offers an annual pass for $ 600 that allows unlimited ...Rix Company sells home appliances and provides installation and service for its customers. On April 1, 2017, a customer purchased a dishwasher that Rix normally sells for $ 1,000. In addition, the customer purchased the ...
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