Business, 04.02.2020 05:40 konoisaa

Assume the following scenarios.

scenario 1: during 2021, ibm provides consulting services on its mainframe computer for $10,600 on account. the customer does not pay for those services until 2022.
scenario 2: on january 1, 2021, gold's gym sells a one-year membership for $1,248 cash. normally, this type of membership would cost $1,560, but the company is offering a 20% "new year's resolution" discount.
scenario 3: during 2021, the manitowoc company provides shipbuilding services to the u. s. navy for $390,000. the u. s. navy will pay $130,000 at the end of each year for the next three years, beginning in 2021.
scenario 4: during 2021, goodyear sells tires to customers on account for $30,600. by the end of the year, collections total $26,000. at the end of 2022, it becomes apparent that the remaining $4,600 will never be collected from customers. required: for each scenario, calculate the amount of revenue to be recognized in 2021. revenue recognized in 2021

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Assume the following scenarios.

scenario 1: during 2021, ibm provides consulting servi...

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