1. Is Eye Vision’s arrangement with Holland Hospital within the scope of ASC 985-605‚ Software: Revenue Recognition? In this case‚ the main content of the Eye Vision’s arrangement with Holland Hospital include embedded software medical equipment and an initial option to purchase a two-year separately priced maintenance agreement. In this case‚ because“Eye Vision has never sold‚ nor does it offer to sell‚ the Clear View Laser without the embedded software because the software is necessary to perform
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drug X and an existing commercialized drug. Problem: How to account for the funding of the R&D and royalty payments R&D cost – first way： ASC 730-20 is applicable Based on the fact given in the case‚ none of the four conditions under ASC 730-20-25-6 relate to the Pharmagen. Therefore‚ we cannot make a decision if it is liability. However‚ under ASC 730-20-25-8‚ the repayment of funds provided must depend only on the result of the R&D having future economic benefit. Since the PEI has a contingency
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$2.3 million and extend the lease at current terms for another ten years‚ you will in effect have a new lease. Under the guidance of ASC 840-10-35‚ the extension of the lease is viewed as a new agreement and the classification of the extension will need to be evaluated. The lease extension will be evaluated with the classification criteria in ASC 840-10-25-1 and ASC 840-10-25-42. The current lease of the building will not be modified or be reevaluated and will still be considered an operating lease
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How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31‚ 2010? a. What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purpose of performing the recoverability test? i. FASB ASC paragraph 360-10-35-23 states that for measuring an impairment loss‚ long-lived assets should be group with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent
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Sacramento. Other component parts will continue to be manufactured at the Seattle facility. The company will scrap the equipment and “special interior building configuration assets” related to the video monitor operations. According from ASC 310-10-20 Glossary‚ Asset group refer as “An asset group is the unit of accounting for a long-lived asset or assets to be held and used‚ which represents the lowest level for which identifiable cash flows are largely independent of the cash flows
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5 Total 135 (2) Common stock (C/S) is 2 million shares at $35/share. (3) Contingent consideration is recorded at fair value at acquisition-date. (ASC 805-30-Currently Viewing:805 Business Combinations25-5) In this case‚ the contingent consideration is classified as equity since it settled in shares. (ASC 815-40-25-4) The contingient consideration goes into additional paid in capital account (APIC) on the Allfoods’ balance sheet. (4) Exchange of share options in conjunction
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recognition. Junior Jeff Martin (Katy‚ Texas) was named to the ASC East Division Newcomer of the Year and First Team all-ASC East Division. Martin averaged 13.2 points‚ 6.8 assists‚ 4.8 rebounds and 1.5 steals a game for the YellowJackets. On 21 occasions‚ he scored in double figures and handed out double digit assists on four occasions including a 12-assist game against UT Dallas (Jan. 16). He is the third player in school history to earn the ASC East Division Newcomer of the Year‚ joining Dave Vanwright
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The Center for Reproductive Rights filed a lawsuit on April 2‚ 2014‚ on behalf of five Texas clinics and three physicians and their patients‚ challenging the ASC and admitting privileges requirements. The abortion providers represented by the Center are challenging these laws because the regulatory burdens they impose will dramatically reduce the number and geographic distribution of medical facilities in the State where women can access safe abortion‚ while providing no benefit to abortion patients
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of ASC 5 3.3 Analyze the number of AGV 5 3.4 Check for Downtime Due to Maintenance and Repair 6 Designed Guangzhou Container Terminal No.1 with Indented Berths 7 1. Introduction 7 1.1 Description 7 1.2 Port infrastructure 7 1.3 Facilities 8 1.4 Container yard storage layout plan 8 2. Methodology adopted 8 2.1 Systems approach 8 2.2 Assumptions made 8 2.3 Main factors considered 9 3. Port throughput capacity evaluation 9 3.1 Facility data 9 3.2 Analyze the number of ASC 9
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the scope of ASC 985-605? ASC 985 -605 Software — Revenue Recognition “provides guidance on when revenue should be recognized and in what amounts for licensing‚ selling‚ leasing‚ or otherwise marketing computer software.” It defines “ Software arrangements range from those that provide a license for a single software product to those that‚ in addition to the delivery of software or a software system‚ require significant production‚ modification‚ or customization of software.” (ASC 985-605-05-3
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