Homework Answers
| Requirement 1: | |||
| Number of Performance obligations | = | 2 | |
| Notes: | |||
| 1 | Delivery: Promise to deliver the gold is the first obligation. | ||
| 2 | Insurance: Additional insurance to insure the is the another performance obligation. | ||
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Requirement 1 please
On March 1, 2018, Gold Examiner receives $166,000 from a local bank and...
2-4 please On March 1, 2018, Gold Examiner receives $166,000 from a local bank and promises...
2-4 please
On March 1, 2018, Gold Examiner receives $166,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The coptract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,577...
On March 1, 2021, Gold Examiner recelves $165,000 from a local bank and promises to deliver...
On March 1, 2021, Gold Examiner recelves $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party Carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit The stand-alone price of a gold bar is $1,410 per unit,...
On March 1, 2021, Gold Examiner receives $160,000 from a local bank and promises to deliver...
On March 1, 2021, Gold Examiner receives $160,000 from a local bank and promises to deliver 94 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink’s, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,410 per unit,...
On March 1, 2021, Gold Examiner receives $150,000 from a local bank and promises to deliver...
On March 1, 2021, Gold Examiner receives $150,000 from a local bank and promises to deliver 95 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink’s, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit,...
On March 1, 2021, Gold Examiner receives $170,000 from a local bank and promises to deliver...
On March 1, 2021, Gold Examiner receives $170,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink’s, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,634 per unit,...
please show work if possible On March 1, 2021, Gold Examiner receives $166,000 from a local...
please show work if possible
On March 1, 2021, Gold Examiner receives $166,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold...
On March 1, 2021, Gold Examiner receives $154,000 from a local bank and promises to deliver...
On March 1, 2021, Gold Examiner receives $154,000 from a local bank and promises to deliver 95 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit,...
1. On March 1, 2021, Gold Examiner receives $153,000 from a local bank and promises to...
1. On March 1, 2021, Gold Examiner receives $153,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink’s, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,463 per...
carrier In addition, Gold E cost if the product is lost in transit service to be...
carrier In addition, Gold E cost if the product is lost in transit service to be $90 per unit. Brinks picked up the goid bars from Gold Examiner on March 30, and delivery to the bank occurred on 1. How many Ree Reg 2 to4 Req 2 to 4 in the first field.) Cnet Ciear entry in the first account field.) Journal entry worksheet any necessary entry when Brink's has picked up the gold bars from Gold Examiner 30, 2018...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
2-4 please
On March 1, 2018, Gold Examiner receives $166,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The coptract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,577...
On March 1, 2021, Gold Examiner recelves $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party Carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit The stand-alone price of a gold bar is $1,410 per unit,...
please show work if possible
On March 1, 2021, Gold Examiner receives $166,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold...
On March 1, 2021, Gold Examiner receives $154,000 from a local bank and promises to deliver 95 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,520 per unit,...
carrier In addition, Gold E cost if the product is lost in transit service to be $90 per unit. Brinks picked up the goid bars from Gold Examiner on March 30, and delivery to the bank occurred on 1. How many Ree Reg 2 to4 Req 2 to 4 in the first field.) Cnet Ciear entry in the first account field.) Journal entry worksheet any necessary entry when Brink's has picked up the gold bars from Gold Examiner 30, 2018...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
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