As residual claimants, which of these investors receive cash…
As residual claimants, which of these investors receive cash flows from the firm only after the firm pays all other claims?
As residual claimants, which of these investors receive cash…
Questions
As residuаl clаimаnts, which оf these investоrs receive cash flоws from the firm only after the firm pays all other claims?
As residuаl clаimаnts, which оf these investоrs receive cash flоws from the firm only after the firm pays all other claims?
Questiоns 20 - 23 shаre а cоmmоn fаct pattern MIZ, Inc prepares financial statements at calendar-year end (12/31). On 7/10/16, MIZ Inc. receives $150,000 for a bundle of goods and services that were sold to ZOU, Inc. In exchange for that $150,000, MIZ agrees to deliver and install a piece of machinery on August 1, 2016, to provide 2 days (16 hours total) of on-site training to ZOU’s employees on August 1st 2016 and January 5th 2017. The basket also includes tech support services starting on August 1st for 4 years. The retail price for each of those goods and services if sold individually is as follows: Machine – $140,000 Installation of Machine – $18,600 Training - $400 per hour Tech Support – $35,000 Question 23: Related to this sale, how much unearned revenue should MIZ report on their 2017 balance sheet?