70.2K

Verified Solution

Link Copied!

2 Fall 2020 revised i Partha Corp. sold widgets to Devra. Inc. for $426,400 on June 1. 2020. The widgets cost Partha Corp. $264,368. According to the terms of the sale. Devra, Inc. is to pay Partha Corp. $187.300 at the end of 2020. $106. 200 at the end of 2021, and $132.900 at the end of 2022 Leave no cells blank. Do not round Intermediate calculations, and round all final answers to the nearest dollar. 2021 2022 100 200 $ 132.900 2021 2022 Collection Year 2020 Amount Collected 187 3005 Cost Recovery Method Collection Year 2020 Cost recovered GP recognized under Cost Recovery Cost yes to be recovered Balance in Deferred GP under Cost Recovery Method Installment Method Collection Year 2020 GP recognized under Installment Method Balance in Deferred GP under Instaliment Method Generally Accepted Accounting Principles Collection Year 2020 GP recognized under GAAP Balance in Deferred GP under GAAP 2021 2022 2021 2022 2 Fall 2020 revised i Partha Corp. sold widgets to Devra. Inc. for $426,400 on June 1. 2020. The widgets cost Partha Corp. $264,368. According to the terms of the sale. Devra, Inc. is to pay Partha Corp. $187.300 at the end of 2020. $106. 200 at the end of 2021, and $132.900 at the end of 2022 Leave no cells blank. Do not round Intermediate calculations, and round all final answers to the nearest dollar. 2021 2022 100 200 $ 132.900 2021 2022 Collection Year 2020 Amount Collected 187 3005 Cost Recovery Method Collection Year 2020 Cost recovered GP recognized under Cost Recovery Cost yes to be recovered Balance in Deferred GP under Cost Recovery Method Installment Method Collection Year 2020 GP recognized under Installment Method Balance in Deferred GP under Instaliment Method Generally Accepted Accounting Principles Collection Year 2020 GP recognized under GAAP Balance in Deferred GP under GAAP 2021 2022 2021 2022

Answer & Explanation Solved by verified expert

See Answer