a). $0
Revenue should D recognize in 2020 for this contract = $0
The revenue under the performance obligation is recognized only
when the titles of goods passes to the buyer. Hence, before
recognizing revenue the D should wait until the completion of
contract. Therefore, the revenue should D recognize in 2020 for
this contract is $0.
Revenue should D recognize in 2020 for this contract = $0
The revenue under the performance obligation is recognized only
when the titles of goods passes to the buyer. Hence, before
recognizing revenue the D should wait until the completion of
contract. Therefore, the revenue should D recognize in 2020 for
this contract is $0.
Submit to complete this assessment Question 23 of estion 23 1 points Save A Dowol Manufacturing...
Dowell Manufacturing contracts to produce bumper cars for Five Flags Parks. Under the terms of the contract, Five Flags will pay Dowell a total of $60,000 when bumper cars are delivered six months later, and Five Flags can cancel the contract but must pay $48,000 to Dowell. Dowell believes that, if Five Flags cancelled the contract, Dowell could sell the bumper cars to another park. As of December 31, 2020, the job is 20% complete. How much revenue should Dowell...
Dowell Manufacturing contracts to produce bumper cars for Five Flags Parks. Under the terms of the contract, Five Flags will pay Dowell a total of $60,000 when bumper cars are delivered six months later, and Five Flags can cancel the contract but must pay Dowell for work completed. Dowell believes that, if Five Flags cancelled the contract, Dowell could not sell the bumper cars to another park. As of December 31, 2020, the job is 80% complete. How much revenue...
Close Window Save and Submit & Click Submit to compiete this assessment Question 15 of 1 Question 15 10 points Save Answer Master Manufacturing is considering the purchase of a machine for $500,000. Ahternatively, the machine could be leased on a five-year contract for $125,000 per year with lease year. If the company purchases the machine, maintenance costs willbe $25,000 per year and the salvage value of the machine after five years is expected to be $70,000 Answer the below,...