Refer to the revenue arrangement in E18.10. Instructions Repeat the requirements, assuming (a) Geraths estimates the standalone
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Instructions
Repeat the requirements, assuming (a) Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost, and (b) given uncertainty of finding skilled labor, Geraths is unable to develop a reliable estimate for the standalone selling price of the installation. (Round amounts to nearest dollar.)
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a July 1 2019 No entry neither party has performed under the contract On September 1 2019 Geraths ha...View the full answer
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Related Book For 
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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