Case Study Of Endurance Cellular Case

Words: 1489
Pages: 6
Open Document
Velocity Cellular Case Study

1- a. According to ASC 605-25-25-5 , a delivered item in an arrangement with multiple deliverables shall be considered a separate unit of accounting if the following criteria are met:

* The delivered item or items have value to the customer on a standalone basis, which is satisfied in this case. * When vendor-specific objective evidence or third-party evidence of selling price for deliverables is absent, the vendor is allowed to give an objective estimation of the price of deliverable unit on standalone basis (in accordance with ASU No.2009-13), which is generally satisfiable. * If the arrangement includes a general right of return relative to the delivered item, where the delivery or …show more content…
The remaining which constitutes the relative price of technical support for one year to be recognized periodically over the length of one year.
b. According to ASC 985-605-25-88, If an arrangement to deliver software or a software system, either alone or together with other products or services, requires significant production, modification, or customization of software, the service element does not meet the criteria for separate accounting set forth in paragraph 985-605-25-78. The entire arrangement shall be accounted for in conformity with the relevant guidance in Subtopic 605-35 (in reference to contract accounting.)
Currently Viewing:
985 Software
605 Revenue Recognition
25 Recognition
General
> Contract Accounting
ASC 985-605-25-89 provides that in applying contract accounting, the vendor shall use either the percentage-of-completion method or the completed-contract method.

3- a. According to 985-605-25-6 , if an arrangement includes multiple elements, the fee shall be allocated to the various elements based on vendor-specific objective evidence of fair value, regardless of any separate prices stated in the contract for each element. Vendor-specific objective evidence of fair value is limited to the following: I. The price charged when the same element is sold
Show More

Related Documents: Case Study Of Endurance Cellular Case

Case Study Of Velocity Cellular

Velocity Cellular Velocity Cellular’s controller presented a memo to the audit engagement team providing details about the company newest venture. Velocity will provide a new pre-paid phone service plan to its customers. Velocity Cellular sells wireless services and products based on the Global System for Mobil Communications Standard. GSM requires subscribers to have an activation card to have access to the network. The activation card identifies the person, provides a new phone number…

Words 695 - Pages 3

Fluid Meter and Tray Hydraulic Experiment Essay

into a downcomer, which takes liquid by gravity to the tray below.2 Gas flows upward through the openings in the sieve tray, bubbling through the liquid on the tray. Depending on the water and air flow rates, spray, froth, emulsion, bubble, and cellular foam flow regimes can occur in a sieve tray. There are four instances that can reduce the operating efficiency of the sieve tray: entrainment flooding, entrainment, weeping, and downflow flooding. Entrainment flooding is where both downflow flooding…

Words 6390 - Pages 26

Guillain Barre Syndrome

reported the combination of increased protein concentration with a normal cell count in the CSF, or albumin cytological dissociation, which differentiated the condition from poliomyelitis. Despite the fact that Landry had already reported similar cases in 1859, the combination of these clinical and laboratory features became known as Guillain-Barre syndrome (2). Guillain-Barré syndrome (GBS) is an acute demyelinating polyneuropathy.Its features are those of ascending motor weakness, sensory and…

Words 1662 - Pages 7

Osmosis Essay

is much more efficient, but not a lot of people know about this process. If more people had Reverse Osmosis Filters, fewer toxins would be consumed. Allow me to explain more about this process. First we have to start with a solvent, which in this case, is water. We then will add our solute, which we will call sugar. The sugar dissolves in the water to form sugar-water. To show the process of osmosis, we will use the example of a U-shaped tube, with a semi-permeable membrane in the middle. On one…

Words 1546 - Pages 7

Biochem Notes Exam 2 Essay

Biochemistry (Chem 160a) – Exam 2 Notes Chapter 6: I. Overview A. Levels of protein structure (each higher level structure contains the lower level structure) 1. Primary structure – sequence of AA’s in peptide/protein (peptide bonds) Ala – Gly – Leu – Met – Cys – Phe 2. Secondary structure – Localized regions of ordered structures –helices –sheets –turns (is a part of a kind of sheet structures) 3. Tertiary structure - 3D structure of the entire polypeptide chain -composed of multiple regions…

Words 7508 - Pages 31

Automobile Industry In Pakistan

Accessible in both manual and programmed stick choice, this auto will have recently the right mix of velocity, style and funk. Cuore Xtreme will be a completely stacked substantial motor vehicle that might suit racers and will be accessible in the general 4-entryway and the Smart 2-entryway choices. Surprisingly, the music framework will be went hand in…

Words 3180 - Pages 13

Deep Vein Thrombosis Essay

Deep vein thrombosis (DVT) is a type of cardiovascular disease. DVT is a blood clot that forms in the large deep veins in the leg or pelvis area and grows toward the heart. Including the veins in the calf and thighs, the femoral, popliteal, and iliofemoral vein are also the sites of DVT development. It is a mainly common and dangerous condition (Kesieme et al., 2011). Some DVTs may cause no pain or swelling, whereas others might be quite painful and result in a lot of swelling. Mortality is not high…

Words 3937 - Pages 16

lectureNotes 2 Essay

and all of the muscle fibers it innervates. The cell bodies of motor neurons are located within the brainstem or spinal cord. The axons of these neurons are myelinated and large in diameter, and thus are able to propagate action potentials at high velocities. Once an alpha motor neuron is activated to produce an action potential, all of the fibers innervated by this neuron are activated and contract simultaneously. Each motor unit is made up of one type of muscle fibers: i.e., slow twitch, fast-twitch…

Words 7850 - Pages 32

Project Management Proposal Essay

| Move the Pyramid Project | | MUMMYMOVERS | project proposal | | MOVE THE PYRAMID PROJECT Table of Contents Table of Contents Executive Summary 4 Management Proposal 5 Management Approach 5 Organizational Chart 6 Scope Statement: 6 Project Justification: 6 Requirements: 6 Deliverables: 6 Project Success Criteria: 7 Project Team Members: 7 Work Breakdown Structure (WBS) 8 MSP Activities, Sequencing & Dependencies 8 MSP Schedule, Network & Critical…

Words 14334 - Pages 58

Sexually Transmitted Diseases Essay

latter might be in error by hundreds of thousands, but both have two significant figures (5 and 2). This reflects the fact that the significance of the error (its likely size relative to the size of the quantity being measured) is the same in both cases. Computer representations of floating point numbers typically use a form of rounding to significant figures, but with binary numbers. Identifying significant digits The rules for identifying significant digits when writing or interpreting numbers…

Words 35677 - Pages 143