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On May 1, year 1, Londa sells equipment to a customer for $50,000.The customer can return the product within twenty-four months.In addition, the contract stipulates that the customer is not obligated to pay for the product until the expiration date of the right of return.Identify the section of professional standards that explains when to recognize revenue from the sale of equipment when the right of return exists. Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields.Type the topic here. Correctly formatted FASB ASC topics are 3 digits.
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