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Analysing Unearned Revenue Transactions and Multiple-Element Arrangements TELUS Corporation is a Canadian telecommunications company that provides a wide range of products and services, including wireless, data, Internet, voice, television, entertainment, and video. As of December 31, 2013, the company has 7.8 million wireless subscribers, 3.3 million wireline network access lines, 1.4 million Internet subscribers, and 815,000 television customers. The following are excerpts from the companys annual report concerning its revenue recognition policy. Revenue Recognition

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First pic is question seconds are questions to be answered thank you

Analysing Unearned Revenue Transactions and Multiple-Element Arrangements TELUS Corporation is a Canadian telecommunications company that provides a wide range of products and services, including wireless, data, Internet, voice, television, entertainment, and video. As of December 31, 2013, the company has 7.8 million wireless subscribers, 3.3 million wireline network access lines, 1.4 million Internet subscribers, and 815,000 television customers. The following are excerpts from the company’s annual report concerning its revenue recognition policy. Revenue Recognition

Expert Answer

 

1) these are provide multiple product or service to their customers as part of a single arrangement or a service of related arrangement. These may be provided at different points in time or over different time period. As per question company provide services wit wide range of product like wireless ,data, voice,internet, television, entertainment and video.

2)by observing the data of december 31 2013 there are number of customers, clients and company’s are enjoying the Telus service which is provides by them which they have a wide world range of telecommunications service through world. By this statement only say how much revenue wil recognize .

3) when smartphone and service contract are both sell whilewe get profit by comparing individual selling a smartphone and service contract with two different cost and out be 400 nd 360 rupees be as revenue recognize.

4)as we can estimation of cost be 250 from each customer with 5 year contract life. In this customers are also easily accept and it helps the company grows faster in service provider process.

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