On January 1, 2014, Gordon Co. enters into a contract to sell a cus-tomer a wiring base and shelving unit that sits on the base in exchange or $3,000. The contract requiresdelivery of the base first but states that payment for the base will not be made until the shelving unitis delivered. Gordon identifies two performance obligations and allocates $1,200 of the transactionprice to the wiring base and the remainder to the shelving unit. The cost of the wiring base is $700; theshelves have a cost of $320.
Instructions:
(a) Prepare the journal entry on January 1, 2014, for Gordon.
(b) Prepare the journal entry on February 5, 2014, for Gordon when the wiring base is delivered to thecustomer.
(c) Prepare the journal entry on February 25, 2014, for Gordon when the shelving unit is delivered tothe customer and Gordon receives full payment.

What do economists mean when they use the latin expression ceteris paribus?

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.