Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blue spruce company sells goods that cost $246,000

Blue Spruce Company sells goods that cost $246,000 to Ricard Company for $336,200 on January...

60.1K

Verified Solution

Question

Accounting

image
Blue Spruce Company sells goods that cost $246,000 to Ricard Company for $336,200 on January 2,2025 . The sales price includes an installation fee, which has a stand-alone selling price of $32,800. The standalone selling price of the goods is $303,400. The installation is considered a separate vitur mance obligation and is expected to take 6 months to complete linstallation was compieted on June 18, 2025). (a) Your answer is correct. How much revenue does Blue Spruce record on January 2, 2025? Revenue eTextbook and Media Attempts: unlimited (b) How much income should Blue Spruce report related to its sale to Ricard in its income statement prepared for the quarter ended March 31, 2025

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

QUESTION 9 Tony Hawk is skating through a half-pipe with a radius of 4 m. Initially he...

Physics
1.2K views

Point charges of 6.75 µC and −4.00 µC are placed 0.300 m apart. (Assume the negative charge...

Physics
1.2K views

The timing device in an automobile’s intermittent wiper system is based on an RC circuit and utilizes...

Physics
1.2K views

A ball collides perfectly inelastically with smooth horizontal ground at angle 30 with vertical as...

Basic Math
1.2K views

You the graph of xx n in function

Statistics
1.2K views

Does the frequency distribution appear to have a normal distribution Explain Choose the correct answer...

Calculus
1.2K views

If x S t 4t 2 dt 0 then f x 24 4 0 3...

Calculus
1.2K views

X f x x 8 x a lim f x x 0 b lim f...

Accounting
1.2K views

Accounting
1.2K views

Presented here wre summarized data from the balance sheets and income statements of Wiper Incorporated:...

Accounting
1.2K views

Cleveland Custom Cabinets is a specialty cabinet manufacturer for high-end homes in the Cleveland Heights...

Accounting
1.2K views

List three internal control procedures for handling cheques received by mail: 1. 2. 3. A...