XYZ Ltd. enters into a three years extended warranty service contract. The payment terms are $100,000 payable annually in advance This amount is standalone selling price of services at contract inception. At the beginning of third year (after the customer had paid the $100,000 for that year), the entity agrees to reduce the price for third year of service to $80,000. In addition, the customer agrees to pay an additional $220,000 for an extension of the contract for three years. The standalone selling price of the services at the beginning of the third year is $80,000 per year. How should the contract modification be reflected in third year

4. understanding different policy options to correct for negative externalities carbon dioxide emissions have been linked to global warming. the following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. for each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. public policy command-and-control policy tradable permit system corrective subsidy corrective tax the government charges factories $110 for every ton of carbon dioxide they emit. the government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere. trees take carbon dioxide out of the air and convert it to oxygen, so the government funds a tree-planting initiative by offering $110 to any citizen who plants a tree. the government limits total carbon-dioxide emissions by all factories to 180,000 tons per month. each individual factory is given the right to emit 140 tons of carbon dioxide, and factories may buy and sell these rights in a marketplace.