The writer is very fast, professional and responded to the review request fast also. Thank you.
read the case details and ansewer the following questions:
The CEO of MV-Link Productions has hired your consulting firm to produce a report on this
possible breach of contract case, including recommendations. Use the report writing guide from
the course website. In your analysis of this case include answers to the following questions:
Assuming the contract is valid, prepare the following financial analyses:
.
b. What are the general revenue recognition criteria established under Generally
Accepted Accounting Principles (GAAP)
c. How would you apply the GAAP criteria for revenue recognition to account for the
revenues under this contract? Explain your logic for both realizable and earned.
d. Using the logic you developed in part c, calculate the revenue that MV-Link
Productions should report for the set of five films for the year ended 12/31/2006.
e. For the year ended 12/31/2006, prepare a schedule that shows the cash flows
received from PACE from the contract.
f. Why do cash flows and revenues recognized differ, if they differ under your
calculations?
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more