Accounting for Contracts with Multiple Performance Obligations (FSET) Amazon.com, Inc., provides the following description of...
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Accounting for Contracts with Multiple Performance Obligations (FSET) Amazon.com, Inc., provides the following description of its revenue recognition policies in its second quarter of 202010K report. Revenue cost plus a margin. A description of our principal revenue generating activities is as follows: recognized when the services are rendered, which generally occurs upon delivery of the related products to a third-party carrier or, in the case of an Amazon delivery, to the customer. an evolving suite of benefits that represent a single stand-ready obligation. Subscriptions are paid for at the time of or in advance of delivering the services. Revenue from such arrangements is recognized over the subscription period. are capitalized and amortized over the contract term. Other-Other revenue primarily includes sales of advertising services, which are recognized as ads are delivered based on the number of clicks or impressions. combination on July 1. Using the financial statement effects template, report (1) the bundled sale transaction on July 1 and (2) Prime membership revenue recognized at the end of the 3rd quarter (July through September). Note: Round answers to two decimal places. Note: Use negative signs with your answers, when appropriate. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected
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Accounting for Contracts with Multiple Performance Obligations (FSET) Amazon.com, Inc., provides the following description of its revenue recognition policies in its second quarter of 202010K report. Revenue cost plus a margin. A description of our principal revenue generating activities is as follows: recognized when the services are rendered, which generally occurs upon delivery of the related products to a third-party carrier or, in the case of an Amazon delivery, to the customer. an evolving suite of benefits that represent a single stand-ready obligation. Subscriptions are paid for at the time of or in advance of delivering the services. Revenue from such arrangements is recognized over the subscription period. are capitalized and amortized over the contract term. Other-Other revenue primarily includes sales of advertising services, which are recognized as ads are delivered based on the number of clicks or impressions. combination on July 1. Using the financial statement effects template, report (1) the bundled sale transaction on July 1 and (2) Prime membership revenue recognized at the end of the 3rd quarter (July through September). Note: Round answers to two decimal places. Note: Use negative signs with your answers, when appropriate. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected 