Do think should recognize a liability for the warrantees

Assignment Help Financial Accounting
Reference no: EM132685187

Problem 1: Suppose that Gamesa also issues warranties on the wind turbines they sell. Do you think they should recognize a liability for the warrantees outstanding? Briefly explain your reasoning in one or two sentences.

Reference no: EM132685187

Questions Cloud

How does the flexibility of gaap allow management : How does the flexibility of GAAP allow management to choose accounting methods that can lead to a conflict of interest for management?
How much total revenue should gamesa record on the contract : How much total revenue should Gamesa record on the contract in 2011? How much total revenue should Gamesa record on the contract in 2010?
Explain responsibilities of national security administration : Describe the responsibilities of the National Security Administration (NSA). Identify the four critical needs at the state or local level of law enforcement in.
What is the expected total return from laoc stock : What is the expected total return from Laoc's stock? Does the figure make sense? What do you expect to happen to its stock price?
Do think should recognize a liability for the warrantees : Suppose that Gamesa also issues warranties on the wind turbines they sell. Do you think they should recognize a liability for the warrantees outstanding?
Describe the implications of study in brief : Implications of Study/Research Findings for policy/solving of a real-life problem; Importance; Contributions. The following are good sources for data for your.
How long do the sound waves take to reach the other end : How long do the sound waves take to reach the other end? Assume the density of aluminum is 2700kg/m3.
How much higher would gamesa pretax income be : How much higher would Gamesa's pretax income be relative to a firm that reported under US accounting principles? How much higher would total assets be?
What are topic areas assigned under heading of leadership : Leadership appears as a popular agenda item in police executive training. Go to Google and search "police executive training courses."

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd