Homework Answers
Answer a. Its simply an order booking & none performance, hence no entry is to be passed on 1st Dec.,2019.
Answr b. Contract Assets Dr. $2500000
To Revenue $2500000
being the product delivered & installed.
Answer C. Receivable /Cash Dr. $3000000
To Contract Asset $2500000
To Revenue $500000
Being the perofrmance obligations completed.
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help Help Required information [The following information applies to the questions displayed below Hospital Equipment Company...
help
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help
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