adms1000 Lecture Notes - Lecture 2: Given Up, Tax Avoidance, Patent Infringement
Document Summary
Forward contract is a derivative and should be measured at fair value at the end of each reporting period. 35000: convertible debt: issuance of convertible bond on 1 oct 20x4 with face value of. 558,059: capital asset, idle: printer kept in case of customer needs, will be used as soon demand recovers. Debit to revenue and credit to unearned revenue: aspe states that fob destination inventory can be recognized as a sale when ownership has been transferred. Revenue recognition criteria of risk and rewards passing, measurability and collectability should also be considered: allowance for doubtful accounts, bab has not recorded an allowance for potential bad debts. If pay(cid:373)e(cid:374)t is pro(cid:271)a(cid:271)le a(cid:374)d the a(cid:373)ou(cid:374)t is (cid:373)easura(cid:271)le, the lia(cid:271)ility should (cid:271)e re(cid:272)og(cid:374)ized o(cid:374) upl"s balance sheet, offset by a loss on the income statement. The transaction has no commercial substance; the configuration of cash flows has not changed; or.
