Alexander & Baldwin, Inc. 1. Summary of Significant Accounting Policies (in Part) Real Estate Sales Revenue Recognition:

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Alexander & Baldwin, Inc.

1. Summary of Significant Accounting Policies (in Part)
Real Estate Sales Revenue Recognition: Sales are recorded when the risks and benefits of ownership have passed to the buyers (generally on closing dates), adequate down payments have been received, and collection of remaining balances is reasonably assured.

Required
a. Real Estate Sales Revenue Recognition—Conservative? Reasonable?
b. Real Estate Leasing Revenue Recognition—Why is income arising from tenant rents that are contingent upon the sales of the tenant exceeding a defined threshold handled differently than the “normal” real estate leasing?
c. Sugar and Coffee Revenue Recognition
1. Bulk raw sugar sales (why recorded based on the estimated net return to producers)?
2. Revenue from coffee (revenue recognition reasonable)?

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