it expanded in cotton sales, if that's the time period u are speaking of...
Answer:
Yes, it is<u> true</u> that If the performance obligation is not highly dependent on, or interrelated with, other promises in the contract, then each performance obligation should be accounted for separately.
Explanation:
A performance obligation exists when an entity provides a distinct product or service.
It is a promise to provide a “distinct” good or service to a customer.
When there are multiple promises in a contract, companies will need to determine whether those goods or services are distinct, and therefore separate performance obligations for to avoid ambiguity.
Performance obligations in each contract can be identified by a company by first considering whether or not the goods or services are distinct.
If distinct, a customer can benefit from the good or service on its own because the good or service is separable from the other goods or services in a contract.
Answer:
$280,000
Explanation:
The calculation of estimated inventory is shown below:-
Cost of Goods Available = Beginning Inventory + Net Purchases
= $130,000 + $640,000
= $770,000
Inventory sols (Sales - Sales × 30%)
= $700,000 - $700,000 × 30%
= $490,000
Ending Inventory = Cost of goods available - cost of good sold
= $770,000 - $490,000
= $280,000
So, for computing the ending inventory we simply applied the above formula.
Answer:
huh give me 5min for this question
The answer to your question would be Validity Check because only a fixed limited set of values are allowed. Hoped this helped
