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QUESTION
Biovail Corporation: Revenue Recognition and FOB Sales Accounting Case Study, accounting homework help
Question 1: How many truckloads of product are actually required to carry $10 million of product? Show your calculations.
Question 2: How should the company recognize revenue based upon the two possible FOB contract structures mentioned in the case? why?
Question 3: How does the accident affect the stated revenues under the different FOB contract structures? Explain your reasoning.
Question 4: Are you concerned about the company’s treatment of analysts who cover the stock? Would you want to be an analyst covering this company?
Answer 5 questions within one day.3 pages of case analysis is required.