On what basis is the transaction price of a contract allocated to the contracts separate performance obligations?
Question:
On what basis is the transaction price of a contract allocated to the contract’s separate performance obligations?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Under the proposed ASU if an arrangement has multiple separate performance ...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Question Posted:
Students also viewed these Accounting questions
-
In general, on what basis is responsibility for HRM divided between line and staff managers?
-
On what basis should the transaction price be allocated to various performance obligations? Identify the approaches for allocating the transaction price.
-
What methods allocate the total transaction price to performance obligations?
-
A woman flies from Phoenix to Denver (a distance of 800 mi) at a rate 40 mph faster than on the return trip. If the total time of the trip is 9 hrs, what was her rate going to Denver, and what was...
-
Assume you have access only to an electronic library. Use one of the electronic databases to locate the following cases. Read only the case head note and summarize: a. Daniel E. Godfey v....
-
Julia Walters owns and operates one of the largest Mercedes-Benz auto dealerships in Washington, DC. In the past 36 months her sales of this luxury car have ranged from a low of 6 new cars to a high...
-
During an audit engagement Harper, CPA, has satisfactorily completed an examination of accounts payable and other liabilities and now plans to determine whether there are any loss contingencies...
-
Romine Company issued $350,000 of 8%, 20-year bonds on January 1, 2014, at face value. Interest is payable annually on January 1. Instructions Prepare the journal entries to record the following...
-
What are some managerial implications or consequences of ethical leadership at a company? 2. What is ethical leadership and what is it's impact on an organization? How might authoritative and...
-
The probability that data are entered incorrectly into a field in a database is 0.005. A data entry form has 28 fields, and errors occur independently for each field. The random variable X is the...
-
When does an option granted with the sale of a good or service give rise to a separate performance obligation in the contract?
-
What indicators suggest that a performance obligation has been satisfied with respect to a good (merchandise)?
-
For k Z+, let n = 2k, and consider the list L: a1, a2, a3, ..., an. To sort L in ascending order, first compare the entries at and al+(n/2), for each 1 i n/2. For the resulting 2k-1 ordered pairs,...
-
A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on an index is 869. Futures contracts on $250 times the index can be traded. How many futures have to be...
-
How is the preparation of the statement of cash flow different from other financial statements as it relates to the source of information?
-
In a class of 25 students, 15 were math majors, 17 were computer science majors, and 9 were dual majors in math and computer science. Part: 0 / 4 Part 1 of 4 Use the Venn Diagram tool to illustrate...
-
21 In the following we consider vectors x = 22 in R3. Determine (with 23 justification) whether the following sets are subspaces of R3. 1. (5pts) V = {x R | x1 = x2 = x3}
-
Using the logic gates and Multisim test whether the following Boolean expression is valid or AB + BC + CA = AB + BC + C not. Verify your simulation with hand calculation by applying Boolean theorems...
-
Given z 1 = 2e j/3 and z 2 = 4e 2j/3 , find the modulus and argument of (a) (b) z (c) z/z
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
In general, as output rises you first attain _______. a) increasing returns, then diminishing returns, then negative returns b) diminishing returns, then negative returns, then increasing returns c)...
-
Describe the purpose of the balance sheet.
-
Explain why the balance sheet does not portray the market value of the entity.
-
Explain why the balance sheet does not portray the market value of the entity.
-
A case study involving some social media or privacy situations where a student will describe the event, what he or she believes was wrong on the part of the actors concerning the relevant...
-
Need an explanation and understanding of them following: What is an example of working on a cross-cultural team? (examples) How can working with cross-cultural teams enhance or hinder each other's...
-
Give in detail answers for the following: As the president/VP of Academic affairs, how will you help in Amplifying the voices of student interests throughout the academic sectors of the university to...
Study smarter with the SolutionInn App