On January 1, Year 1, an entity sold a product to a customer for $64,751 payable 36 months after delivery. The customer obtains control of the product at contract inception. The cash selling price of the product is $50,000. This price is the amount that the customer would pay upon delivery at contract inception assuming the same product is sold under otherwise identical terms and conditions. The contract includes an implicit interest rate of 9%. What amounts of revenue and interest income from this contract, if any, were recognized by the entity in Year 1?
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Business, 22.06.2019 03:20
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Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.
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Bathlinks corporation has a debt to assets ratio of 73%. this tells the user of bathlinksโs financial statements that a. bathlinks is getting a 27% return on its assets. b. there is a risk that bathlinks cannot pay its debts as they come due. c. 73% of the assets are financed by the stockholders. d. based on this measure, the user should not invest in bathlinks.
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Business, 23.06.2019 10:20
Which theorem states that no two species competing for the exact same resources can coexist? which theorem states that no two species competing for the exact same resources can coexist? resource partitioning principle complex community network principle dominance species principle competitive exclusion principle?
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On January 1, Year 1, an entity sold a product to a customer for $64,751 payable 36 months after del...
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