In the chart below, identify the revenue recognition method that you feel is most appropriate and also explain why.
$$\begin{array} { l | l | l }
\hline \text { Transaction } & \begin{array} { c }
\text { Revenue recognition } \
\text { method }
\end{array} & \text { Why? } \
\hline \text { A. An electronics store sells a computer with a } & & \
\hline \text {-day lowest-price guarantee. (That is, if the } & & \
\text { customer finds a lower price on the same } \
\text { product offered by the company or a } \
\text { competitor, the company will refund the } \
\text { difference to the customer.) } & & \
\hline \text { B. A university receives students'course fees, in } & & \
\text { full, at the start of the semester. } & & \
\hline \text { C. A company deposits funds into a three-year } & & \
\text { term deposit that earns } 3 \% \text { per year. } & & \
\hline
\end{array}$$

Question

In the chart below, identify the revenue recognition method that you feel is most appropriate and also explain why.
 $$\begin{array} { l | l | l } 
\hline \text { Transaction } & \begin{array} { c } 
\text { Revenue recognition } \
\text { method }
\end{array} & \text { Why? } \
\hline \text { A. An electronics store sells a computer with a } & & \
\hline \text {-day lowest-price guarantee. (That is, if the } & & \
\text { customer finds a lower price on the same } \
\text { product offered by the company or a } \
\text { competitor, the company will refund the } \
\text { difference to the customer.) } & & \
\hline \text { B. A university receives students'course fees, in } & & \
\text { full, at the start of the semester. } & & \
\hline \text { C. A company deposits funds into a three-year } & & \
\text { term deposit that earns } 3 \% \text { per year. } & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of In the chart below, identify the revenue recognition method that you feel is most appropriate and also explain why.
 $$\begin{array} { l | l | l } 
\hline \text { Transaction } & \begin{array} { c } 
\text { Revenue recognition } \
\text { method }
\end{array} & \text { Why? } \
\hline \text { A. An electronics store sells a computer with a } & & \
\hline \text {-day lowest-price guarantee. (That is, if the } & & \
\text { customer finds a lower price on the same } \
\text { product offered by the company or a } \
\text { competitor, the company will refund the } \
\text { difference to the customer.) } & & \
\hline \text { B. A university receives students'course fees, in } & & \
\text { full, at the start of the semester. } & & \
\hline \text { C. A company deposits funds into a three-year } & & \
\text { term deposit that earns } 3 \% \text { per year. } & & \
\hline
\end{array}$$

In the Chart Below, Identify the Revenue Recognition Method That