a. Define the term multiple deliverables as it is used in revenue recognition. b. How are multiple

Fantastic news! We've Found the answer you've been seeking!

Question:

a. Define the term multiple deliverables as it is used in revenue recognition.

b. How are multiple deliverables accounted for under the provisions of the FASB ASC?

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

See More Books

Posted Date: Dec 12, 2018 01:55 AM

See More Questions

Define the term NAL as it is used in lease analysis, and then explain how the NAL is calculated.
How would you define risk as it is used in a capital budgeting analysis context?
Define materiality as it is used in accounting and auditing. What is the relationship between materiality and the phrase "obtain reasonable assurance" used in the auditor's report?
Your friend Jin is working at Company AUS Toys, an Australian manufacturing company, selling toys to Company Toy Shop. Company Toy Shop also buys toys from Company CNY Toys in China which has fixed...
Given x,=(1, 1, 1)T and x2 = (3, - 1, 4)T: (a) Do x1 and x2 span R3? Explain. (b) Let x3 be a third vector in R3 and set X = (x1, x2, x3). What condition(s) would X have to satisfy in order for x1,...
Drugs shown in 98 percent of movies Story summary: A "government study" claims that drug use, drinking, or smoking was depicted in 98% of the top movie rentals (Associated Press). Give a headline and...
The English scores for a sample of 14 students Find the mean, the median, and the mode of the data, if possible. If any measure cannot be found or does not represent the center of the data, explain...
Frank's Fixtures has two divisions: the Plumbing Division and the Electrical Division. Following are their operating data for the year: Required: 1. Calculate the ROI for each division (use total...
A ship sets sail from Rotterdam, The Netherlands, heading due north at 9.00 m/s relative to the water. The local ocean current is 1.51 m/s in a direction 40 north of east. What is the velocity of the...
The director of RCM inc. plans to launch a new product. The initial investment in equipment and other fittings is $800,000. It's been a while since management thinking of launching this new product....
A section through a magnetic circuit of uniform cross-sectional area 2 cm is shown in Figure 9.5. The cast steel core has a mean length of 25 cm. The air gap is 1 mm wide and the coil has 5000 turns....
The following data have been extracted from the books of Alfa Ltd. Year 2019 2020 Sales Rs. 5,00,000 7,50,000 Profit Rs. (Loss) (25,000) 1,00,000 You are required to calculate: (i) P/V Ratio (ii)...
Write a program that generates a list of squares of numbers from 1 to 20 using a list comprehension.
Judy is aged 40, and Tom is aged 43. Judy is a stay-at-home mum, while Tom runs his own marketing business from an inner suburban office, and they have two sons, aged 6 and 9. Judy and Tom recently...
1. Consider the Cobb-Douglas production function where real aggregate output Y is given by Y=AK (LXE)-a, in which A-60 is a parameter measuring the productivity of the available technology, K is the...
talk about what you explored through WorkBC and what is your plan moving forward relating to career exploration. Use your results as examples if needed. Paragraph length. Consider the following...
Assume an investor buys a put option on XYZ stock with a strike price of $100 for $6 when the stock is trading for $97. What is the investor's maximum possible loss?
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
A fault develops before t-Os in the figure shown below. The circuit breaker opens the circuit to clear the fault at t=0s when the fault current just crosses zero. L ++ E(t) R ww C.B. W Fault where...
What are some advantages of matching the maturities of claims against assets with the lives of the assets financed by those claims? Is it feasible for a firm to match perfectly the maturities of all...
Are there problems with scenario analysis? Define simulation analysis, and discuss its principal advantages and disadvantages. Shrieves Casting Company is considering adding a new line to its product...
(1) Assume that SSC has an $800,000 capital budget planned for the coming year. You have determined its present capital structure (60% equity and 40% debt) is optimal. and its net income is...
Scores for the California Peace Officer Standards and Training test are normally distributed, with a mean of 50 and a standard deviation of 10. An agency will only hire applicants with scores in the...
1. Find the z-score that corresponds to a cumulative area of 0.3632. 2. Find the z-score that has 10.75% of the distributions area to its right.
Find the z-score that corresponds to each percentile. 1. P 5 2. P 50 3. P 90

a. Define the term multiple deliverables as it is used in revenue recognition. b. How are multiple

Question:

Expert Answer:

a Multiple deliverables are defined as the agreement where there different obligations ... View the full answer

Intermediate Financial Management

Students also viewed these accounting questions