c.Under the appropriate conditions, revenue can be recognized at several points in time. Revenue could be recognized (1) during production, (2) at the completion of production, (3) at the point of delivery, or (4) when the cash is collected. Case 1 normally arises in long-term construction projects such as office buildings, bridges, and so forth. Case 2 arises where goods are manufactured to the exact specifications of a customer, and the goods cannot be sold to another party. Case 3 is the most common point of revenue recognition. Case 4 arises when cash collection is not reasonably assured.
d.McKey's managers could be interested in the timing of revenue recognition due to incentives provided by contracts. For example, the managers may be paid a bonus based upon accounting income. A manager who is trying to maximize his or her bonus might prefer recognizing revenue in a particular period rather than in a different period. Another contract that might influence the actions of managers would be a debt covenant. If a debt covenant stipulates a maximum debt-to-equity ratio, and the company is nearing the ratio, the managers could improve the ratio by increasing stockholders' equity. One way to increase stockholders' equity is to increase net income. Consequently, speeding up the recognition of revenue (called front loading) might prevent the company from violating a debt covenant.
a.(1)During 2004 the company changed depreciation methods. This change resulted in an increase of the book value of the assets versus if no change in accounting method had occurred. In other words, the depreciation expense went down by the same amount, i.e., $5,000. A decrease in the depreciation expenses would increase the net income by the same amount, i.e., $5,000.
- 1 0 年前最佳解答
c.Under 適當的條件, 收支可能被認可在幾點及時。收支能被認可(1) 在生產期間, (2) 在生產的完成, (3) 在交付, 或(4) 當現金被收集。案例1 通常升起在長期建造計劃譬如辦公樓, 橋梁, 等等。案例2 升起物品被製造對顧客的確切的規格的地方, 並且物品無法被賣對其它黨。案例3 是最共同的問題的收入確定。案例4 升起當現金收藏不是合理地確定。
d.McKey's 經理能是對收入確定感興趣時間由於刺激由合同提供。例如, 經理也許被支付獎金根據會計收入。設法最大化他們的獎金的經理也許喜歡認可收支在一個特殊期間而不是在一個另外期間。也許影響經理的行動的其它合同會是債務契約。如果債務契約規定一個最大債務對資產比率, 並且公司臨近比率, 經理能改進比率經過增加股東權益。單程增加股東權益將增加淨收入。結果, 加速收支的認識(叫做前端裝載) 也許防止公司違犯債務契約。
a.(1)During 2004 公司改變了貶值方法。這變動導致財產的帳面價值的增量對如果會計方法的變化未發生。換句話說, 貶值費用下來了由同樣數額, 即, $5,000 。在貶值費用的減退會增加淨收入由同樣數額, 即, $5,000 。