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Answer the following problems, documenting any additional issues including the accounting literature identified to support recommendations and conclusions for resolving the issues.

1. Is Eye Vision's arrangement with Holland Hospital within the scope of ASC 985-605, Software: Revenue Recognition?

2. What are the deliverables in this arrangement?

3. On the basis of the responses to problems 1 and 2, what are the units of accounting in this arrangement?

4. Prepare journal entries for Eye Vision Inc for 2010 & 2011

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M951230

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