How much total revenue should be recognized

Reference no: EM13506143

Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2012. How much total revenue should be recognized on this sale in 2012?

Reference no: EM13506143

Questions Cloud

Explain what is the mass of the original sample : The resulting mixture exerts a pressure of 731 mmHg at 83°C. (a) What is the partial pressure of each gas in the container (in mmHg)? (b) What is the mass of the original sample (in g)

What is the mass of the radium : A piece of radium has an activity of 18 mCi. What is the mass of the radium

What will ingrid pay : Assume Ingrid Swenson buys the set 1 hour 50 minutes into the sale. What will Ingrid pay? Round each calculation to the nearest cent. What is the markdown percent? Round to the nearest hundredth percent.

Explain component s melts at 1800 centigrate : Construct the hypothetical binary system S-T which represents the following conditions (label all areas): a. component S melts at 1800 centigrate. b. component T melt at 1550 centigrate.

How much total revenue should be recognized : Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2012. How much t..

What current is flowing through the wire : A six-loop coil of current-carrying wire spanning an area of 0.0249 m2 has a magnetic dipole moment of 6.35e?3 A·m2. What current is flowing through the wire

Find the distance between the centers of the two slits : Light of a particular wavelength shines on a single slit of width 1.150e-4 m, creating a diffraction pattern with the first dark fringe at an angle of 0.224° from the centerline. What is the distance between the centers of the two slits

What is the equivalent rate of percent markup : Misu Sheet (Problem 8-25) wants to advertise the comforter as "percent markup on cost." What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price?

Tower of hanoi game : Tower of Hanoi game that you can let a player to move discs between the towers using a mouse - Each move consists of taking the upper disk from one of the pegs and sliding it onto another rod, on top of the other disks that may already be present o..

User Account

All Pages