Order
 

1(888) 302 2271 1(877) 741 7256

Essay

Reporting Income for Dot-coms

Essay specific features

 

Issue:

Business

 

Written by:

Emma J

 

Date added:

July 16, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 764

 

Was viewed:

3755 times

 

Rating of current essay:

 
Essay content:

(SEC Staff Accounting Bulletin #101, Q10). Despite Priceline being the merchant of record, they are only an agent and therefore do not assume the risks and rewards involved in the transaction. Consequently Priceline is inappropriately recording revenue under the gross method. 2. The alternative method would be to record it under the net method where $50 is recorded (20% of $250) is recorded as commission revenue...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $10.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote

 
 

The alternative method would be to record it under the net method where $50 is recorded (20% of $250) is recorded as commission revenue. 3. I would recommend the company use the net method because that would be in better accordance with SAB 101 or GAAP. It would appropriately record the amount of revenue corresponding to their function as an agent...
displayed 300 characters

General issues of this essay:
E-Business Basics - Transaction Costs Reporting Income for Dot-coms Revenue Cycle Revenue Management Revenue Recognition at EA Revenue Recognition Revenue revenue and profits Transaction Cost Analysis Transaction Cost Economics Transaction Cost Theory Describing and Analyzing a Transaction Revenue Recognition E-Commerce: Who Bears The Risk Of Fraud In A Banking Transaction TPS - A Transaction Processing System
 

Related essays:

x
Services