Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bridgeport company sells goods that cost $258,000

Bridgeport Company sells goods that cost $258,000 to record company for $352,600 on January 2,...

90.2K

Verified Solution

Question

Accounting

Bridgeport Company sells goods that cost $258,000 to record company for $352,600 on January 2, 2025. The sales price includes an installation fee, which has a standalone selling price of $34,400. The standalone selling price of the goods is $318,200. The installation is considered a separate performance application and is expected to take six months to complete (installation was completed on June 18, 2025). How much income should Bridgeport report related to its sale to Ricard in its income statement prepared for the quarter ended March 31, 2025? Gross profit:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Case Two (22 pts) Given the following information for Bajor Co.: Debt: Bajor’s long-term debt capital consists...

Finance
Q

Write a essay on obesity disease?

Biology
Q

Discuss the potential fates of transmembrane proteins and explain where you would expect to find a...

Biology
Q

The? parlor's second month results show that it made six sales at ?$25?, one at ?$48?, one...

Advance Math
Q

Run the following ANOVA analysis in excel and interpret your findings. Upload your screen shots of...

Basic Math
Q

A survey asks Which online services have you used in the last month Twitter Facebook...

Statistics
Q

If the probability that a randomly chosen college student uses a ride sharing app is...

Statistics
Q

Rewrite F(x) as F(u) using a substitution of variables.F(x) = ?(3x + 2) cos (x...

Calculus
Q

Assuming all stock traded options are European options, what is the implied risk-free rate from...

Accounting
Q

Please read this article before answering the question: Scientists dont agree on what causes obesity...

Accounting
Q

3) a. Prepare the May reconciliation for ABC Retails Co. using the following information: Bank...

Accounting
Q

Consider a stock that will have dividends in the next three periods of $1.39, $1.52,...

Finance