To determine when and how much revenue Oriole Corp would be able to recognize for...
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To determine when and how much revenue Oriole Corp would be able to recognize for the year ended May based on the information provided: Key points: The contract was signed on February for a total of $ million. Oriole agreed to design, manufacture, and deliver machines, with a warranty provision of $ based on past experience. Oriole would estimate the design component at $ and the machine construction component at $ million if sold separately. Blue Spruce paid a deposit of $ on February and the balance was paid after the harvesters were delivered, which occurred on May
To determine when and how much revenue Oriole Corp would be able to recognize for the year ended May based on the information provided:
Key points:
The contract was signed on February for a total of $ million.
Oriole agreed to design, manufacture, and deliver machines, with a warranty provision of $ based on past experience.
Oriole would estimate the design component at $ and the machine construction component at $ million if sold separately.
Blue Spruce paid a deposit of $ on February and the balance was paid after the harvesters were delivered, which occurred on May
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