• Moss sells cars and warrant for 2 years. On 1/1/2023, the company received an order of 1000 cars and their warranties, the discounted prices in for this order is $5,000 Regularly, the car is sold separately for $4,500 and the warranty for $1,000. 
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• a) how many obligations is Moss required to deliver to the buyer?
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• b) how much of the discounted sale price should be given to sales revenue and how much to deferred revenue?

Answer rating: 100% (QA)

a Moss is required to deliver 1000 cars and their warranties to the buyer as per the order received ... View the full answer