Bob Dodge Taxes

January 10, 2011 dock Dodge 5100 Salmon Creek Vancouver, WA 98686 high-priced Mr. Bob Dodge, I enjoyed your daughters wedding this chivalric spend; those two surely should require very t solely, deep-chested bone children. Hope the newlyweds will recoer soon from the spit wounds they inflicted on each other when cutting the cake. I have researched the accounting implications of your proposed transmit in sanction selects and have strike out the interest facts as relevant to the situation: the money from the change of your emolument contracts is placed in an escrow account and the money is taken come in as needed to satisfy the warranty contracts. Also, to establish plagiarize clients, you have decided to extend any(prenominal) previous warranty contract for two courses if a previous client buys a gondola and a new lot contract, or if the previous contract is expired you will distribute the customer a one year warranty for the previou s car. Also, if the freshman car is used as a trade for the arcsecond base car, any time remaining on the first cars warranty contract is added to the second cars contract. Finally, you are contemplating instituting this change retroactively to all of last years repeat customers.

Given the above mentioned facts, the main issues identified were how to account for the service contracts and how to account for the change from the old service contracts to the proposed new contracts. I have think that you need to gain the receiptss that come from the service contracts equally over the period of the contracts. This operator you will recognize equal portions of the revenu! e for the intent of the contract. In the case, however, that we can find historical essay that the costs associated with the contract tend to occur at item times during the life of the contract, you may recognize larger portions of the revenue during these times. As for the costs, you must(prenominal) recognize these costs associated with the obligations of the service contracts as they are...If you want to purport a full essay, order it on our website: BestEssayCheap.com

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