Business
Business, 11.02.2021 17:50, adriannacomrosenbark

Stengel Co. enters into a 3-year contract to perform maintenance service for Laplante Inc. Laplante promises to pay $100,000 at the beginning of each year (the standalone selling price of the service at contract inception is $100,000 per year). At the end of the second year, the contract is modified and the fee for the third year of service, which reflects a reduced menu of maintenance services to be performed at Laplante locations, is reduced to $80,000 (the standalone selling price of the services at the beginning of the third year is $80,000 per year). Briefly describe the accounting for this contract modification.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:10, Cinders13
In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist
Answers: 3
image
Business, 22.06.2019 06:30, dee3874
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
image
Business, 22.06.2019 21:30, natasniebow
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
image
Business, 23.06.2019 07:40, Asantetaedog8934
In the short-run, marginal costs are equal to the change in variable costs as output changes. ( mc = change in variable cost / change in quantity) assume that capital is fixed in the short-run. (a) start with the equation for marginal cost and derive an equation that relates marginal cost of production to the cost and productivity of labor. (b) draw a standard looking short-run marginal cost curve and use the equation you derived to explain its shape.
Answers: 2
Do you know the correct answer?
Stengel Co. enters into a 3-year contract to perform maintenance service for Laplante Inc. Laplante...

Questions in other subjects: