Question: Help Save&Exit On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bak system included finely tuned scales that fit into EverFresh's
Help Save&Exit On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bak system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's goods or services separately, it would charge $65,000 for the scales, $10,000 for the software, and $25,000 for the calibration contract Ortiz delivered and installed the equipment and software on August 1,2018, and the calbration service commenced on that date ery with an ingredient-weighing system for a price of $96.000. The systems.)If Ortiz was to provide these Assume that the scales, software and calbration service are all 2018 for this contract? s separate performance obligations How much revenue will Ortiz recognize in Multiple Choice $72.000 So 8 9
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