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natita [175]
3 years ago
13

Assume the following scenarios.

Business
1 answer:
slega [8]3 years ago
6 0

Answer:

Scenario 1: It will recognize 10,600 revenue as the services were performed.

Scenario 2: It will recognize 1,560 revenue and the difference will be considered a sales discount.

Scenario 3: The services were provided during 2021 the cash disbursement are not linked to future services thus, Manitowoc will recognize 390,000 as sales revenue

Scenario 4: the company will recognize revenue for 30,600

If the remainining is expected to not be collected the accounting will use the allowance for doubtful account and bad debt expense to match the expense when the period they were generate but, it will not decrease the sales reveneu account.

Explanation:

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