Sheridan Company manufactures equipment. Sheridan's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $255,000 to $1,680,000, and are quoted inclusive of installation. The Installation process does not involve changes to the features of the equipment to perform to specifications. Sheridan has the following arrangement with Splish Inc. Splish purchases equipment from Sheridan on May 2, 2023, for a price of $1,056,000 and contracts with Sheridan to install the equipment. Sherid charges the same price for the equipment irrespective of whether it does the installation or not. Using market data, Sheridan determines that the installation service is estimated to have a fair value of $44,000. The cost of the equipment is $700,000. Splish is obligated to pay Sheridan the $1,012.000 on delivery of the equipment and the balance on the completion of the installation. Sheridan delivers the equipment on June 1, 2023, and completes the installation of the equipment on September 30, 2023. Assume that the equipment and the installation are two distinct performance obligations that should be accounted for separately.

Select the letter of the item below that best matches the definitions that follow. a. Data Files CD ________  b. Lists ________  c. Forms ________  d. Registers ________  e. Reports and graphs ________  f. Restoring a backup ________  g. Icon bar ________  h. Home page ________  i. Backing up a file ________   1. One click access to QuickBooks Accountant Centers and Home page. 2. The process of rebuilding a backup file to a full QuickBooks Accountant file ready for additional input. 3. Electronic representations of paper documents used to record business activities such as customer invoices, vendor bills, and checks. 4. A big-picture approach of how your essential business tasks fit together organized by logical groups such as customers, vendors, and employees. 5. Groups of names such as customers, vendors, employees, items, and accounts. 6. Contains backups of all the practice files needed for chapter work and completion of assignments. 7.  The process of creating a copy of a…

Explain an example of source documents.

How can forwardrates be used for hedging purposes?