If the sellers performance creates an asset (e.g., work in progress) that the customer controls as the
Question:
If the seller’s performance creates an asset (e.g., work in progress) that the customer controls as the asset is created, would the performance obligation be satisfied at a point in time or over time?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
When the sellers performance cre...View the full answer
Answered By
YOGENDRA NAILWAL
As I'm a Ph.D. student, so I'm more focussed on my chemistry laboratory. I have qualified two national level exams viz, GATE, and NET JRF (Rank 68). So I'm highly qualified in chemistry subject. Also, I have two years of teaching experience in this subject, which includes college teacher as well as a personal tutor. I can assure you if you hire me on this particular subject, you are never going to regret it.
Best Regards.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Question Posted:
Students also viewed these Business questions
-
A U.S. purchaser sued a German limited partnership alleging that the partnership breached a contract to deliver 15,000-18,000 metric tons of used Russian railroad rail to the U.S. company for...
-
Using the following data for Jackson Products Company, answer Parts a through g: Jackson Products Company's Balance Sheet Industry Averages Current ratio ..................2.5:1 Quick ratio...
-
1. Which of the following statements is false? a. A spot price is a price today for immediate delivery. b. If a Canadian firm has to pay U.S. dollars in the future, it worries about the potential...
-
A ball, which we can treat as a point charge, has a charge of +Q. This ball is 50 cm away from a ball of charge-100, which is fixed in position. The +Q ball is 30 cm vertically below, and 40 cm...
-
An aircraft has to fly between two cities, one of which is 600.0 km north of the other. The pilot starts from the southern city and encounters a steady 100.0 km/h wind that blows from the northeast....
-
A study of 900 working women in Texas showed that their feelings changed throughout the day. As the graph indicates, the women felt better as time passed, except for a blip (thats slang for relative...
-
Mr. Tam is the front man for the Asian American dance-rock band The Slants. Mr. Tam named his band The Slants to reclaim and take ownership of Asian stereotypes. The band draws inspiration for its...
-
Here are comparative statement data for Prince Company and King Company, two competitors. All balance sheet data are as of December 31, 2014, and December 31, 2013. Instructions (a) Prepare a...
-
Prove that for all x = R, if a, b = Z such that x = a + b2, then a and b are unique.
-
A private warehouse has an annual throughput of 10,000 items and an average materials handling cost per item of $0.01/ft. The warehouse size is to be 100,000 sq. ft. Annual construction and...
-
How does a seller satisfy a performance obligation? When does this occur?
-
What types of disclosures must companies make to allow users to understand how revenue is by affected economic factors?
-
Which broadband providers can service your home? Which would you choose? Why?
-
. In the following macroeconomic system, find the parametric solutions for the predicted GDP ( Y ) and for the predicted investment ( I ). Y = C + I + G 0 C = a + b ( Y T 0 ) I = e + k Y
-
Based on the 1993 Revenue code of quezon city, can a business selling raw materials to manufacturers be classifed as wholesale business?
-
How is it possible for the US to have a higher per capita GDP than Japan or Italy while having only slightly fewer hours of free time per year? Labor productivity (output per hour of work) must be...
-
Emmy lou runs a woolen mill and her business is doing well enough that she would like to start a qualified retirement plan for her employees. after establishing the plan, she can begin transferring...
-
What is blockchain technology? What is the essence of cryptocurrency scams. Discuss the Digital Forensics Process: Analyze any challenges and controversies associated with cryptocurrency scams.
-
Could UPS have succeeded in this case if it had claimed simply that it would be more expensive or less convenient to include pregnant women among those whom it accommodates? Explain.
-
The 2017 financial statements of the U.S. government are available at: https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm Use these to answer the following questions: a. Statement...
-
East Georgia Community Hospital enters into a contract to provide $ 15,000 of elective medical care to a patient. After a review of the patients ability and intent to pay, the hospital does not...
-
LongDrive sells a specialized golf club that has core plugs to shift weight in the club head and produce different ball flights. LongDrive sells the golf club and replacement core plugs separately,...
-
Modine Homes Inc. enters into a contract to design and build a cabana and pool for a customer. Modine will design the cabana and pool and is responsible for the overall management of the project. The...
-
Sell of Process Further Rose Hill, a soybean farm in northern Minnesota, has a herd of 50 dairy cows. The cows produce approximately 2,800 gallons of milk per week. The farm currently sells all its...
-
The 3 promotional methods to use will include digital marketing, word to mouth and branding. D g. Part 4: Promotional Strategy i. Identify a promotional mix consisting of at least three promotional...
-
Wu Inc. Statement of Income Year Ended August 31, 2024 Service revenue Operating expenses Income before income tax Income tax expense Net income Wu Inc. $ 325,000 [1] 116,000 23,000 $ [2] Statement...
Study smarter with the SolutionInn App