Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 441 Weeks Ago, 4 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 29 May 2017 My Price 8.00

Berry Corporation uses the proportional performance method of revenue recognition

Berry Corporation uses the proportional performance method of revenue recognition. Assume Berry runs a country club and incurs the following relevant costs regarding its membership contracts:

During Year 1 (of the two-year contract), members used Area A 2,400 times and Area B 1,200 times. Also, assume Berry collected $150,000 in receipts from the sale of memberships. Prepare a condensed income statement of Berry Corporation for Year 1.

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 10:05 AM My Price 8.00

-----------

Attachments

file 1496054698-1947187_1_636315688014420578_revenue-recognition.xlsx preview (173 words )
19-----------471-----------87&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------397-----------406-----------Rev-----------enu-----------e R-----------eco-----------gni-----------tio-----------nBe-----------rry----------- Co-----------rpo-----------rat-----------ion----------- us-----------es -----------the----------- pr-----------opo-----------rti-----------ona-----------l p-----------erf-----------orm-----------anc-----------e m-----------eth-----------od -----------of -----------rev-----------enu-----------e r-----------eco-----------gni-----------tio-----------n. -----------Ass-----------ume----------- Be-----------rry----------- ru-----------ns -----------a c-----------oun-----------try----------- cl-----------ub -----------and----------- in-----------cur-----------s t-----------he -----------fol-----------low-----------ing----------- re-----------lev-----------ant----------- co-----------sts----------- re-----------gar-----------din-----------g i-----------ts -----------mem-----------ber-----------shi-----------p c-----------ont-----------rac-----------ts:-----------Tim-----------es$-----------Ini-----------tia-----------l d-----------ire-----------ct -----------cos-----------tsA-----------nnu-----------al -----------ind-----------ire-----------ct -----------cos-----------tsE-----------sti-----------mat-----------ed(-----------and----------- ac-----------tua-----------l) -----------tot-----------al -----------dir-----------ect----------- co-----------sts----------- (f-----------or -----------two----------- ye-----------ar -----------per-----------iod-----------)Di-----------rec-----------t c-----------ost----------- pe-----------r s-----------erv-----------ice----------- at----------- Ar-----------ea -----------AAr-----------ea -----------BDu-----------rin-----------g Y-----------ear----------- 1 -----------(of----------- th-----------e t-----------wo------------yea-----------r c-----------ont-----------rac-----------t),-----------
Not Rated(0)