For each of the cases 1 determine whether the seller should, Ask an Expert

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For each of the cases, 1. determine whether the seller should recognize revenue (a) over time or (b) when the product or service is completed. 2. Explain your answer using GAAP revenue recognition rules. 3. Explain how each would appear on the income statement and balance sheet.

Your company sells both new and used computers. Some of the printers are used by the company for 6 months and then sold as used printers. Should the used printers be sold as revenue or gain on sale?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91967206

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