Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on may 1,2025, bramble company enters into a contr

On May 1,2025, Bramble Company enters into a contract to transfer a product to Eric...

90.2K

Verified Solution

Question

Accounting

On May 1,2025, Bramble Company enters into a contract to transfer a product to Eric Company on September 30,2025. It is agreed
that Eric will pay the full price of $26,500 in advance on June 15,2025. Eric pays on June 15,2025, and Bramble delivers the product
on September 30,2025. How much revenue does Bramble recognize (a) June 15,2025 and (b) September 30,2025.
Revenue
(a) June 15,2025,$
(b) September 30,2025$
image

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

Q

A charge of 1 C is given to one plate of a PPC of capacitance...

Physics
Q

Choose the correct answer below O A 0 O B O C 0 O D...

Basic Math
Q

25 27 23 21 16 18 12 2 10 5 45 50 37 16 20...

Basic Math
Q

A random sample of size n 658 from a population whose parameter is p 0...

Statistics
Q

According to a report of the Nielsen Company, 60% of internet searches used the Google...

Statistics
Q

3. Assuming the following ratios are constant, what is...

Accounting
Q

A buyer of $8,100 in merchandise inventory failed to take advantage of the vendor's credit...

Accounting
Q

In the last reporting period, Global Tech Company recorded 140,000 units sold for the first...

Accounting
Q

Nelly recently graduated from college. She is employed by a mining exploration company and makes...

Accounting
Q

Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry...

Accounting
Q

Weighted Average Shares Mar. 1 Issued 45,000 shares of stock at $22 per share....

Accounting
Q

A client wants to compare the number of financial transactions for the current financial year...

Accounting