intermediateaccountingRevenueRecognition幻灯片.pptVIP

Revenue Recognition;Revenue Recognition;;Revenue Recognition;AICPA Statement of Position 97-2 gives companies more guidance through a checklist of four factors that amplify the two criteria:;Appropriate Layaway Accounting;Seller Company receives $1,000 cash from a customer as the initial sign-up fee for a service. In addition to the sign-up fee, the customer is required to pay $50 per month for 100 months, which is the economic life of this service agreement.;Receipt of $1,000 cash as initial sign-up fee:;EITF 00-21;Appropriate Accounting for a Refundable Membership;Appropriate Accounting for