{"id":199336,"date":"2018-09-13T21:56:46","date_gmt":"2018-09-13T21:56:46","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/ac-551-unit-4-assignment-fasb-codification-case-13-1-refer-a-friend-program\/"},"modified":"2018-10-24T09:11:33","modified_gmt":"2018-10-24T09:11:33","slug":"ac-551-unit-4-assignment-fasb-codification-case-13-1-refer-a-friend-program","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/ac-551-unit-4-assignment-fasb-codification-case-13-1-refer-a-friend-program\/","title":{"rendered":"AC 551 Unit 4 Assignment FASB Codification (Case 13-1, Refer a Friend Program)"},"content":{"rendered":"<p>1. How should the $25 Referral Credit be recorded in Runway&#8217;s Income Statement&#8221;\ufffd as a reduction of revenue or as a marketing expense?\t2. When would Runway record the $25 Referral Credit?\tWhat are the entries Runway would record when the $25 Referral Credit is earned by the Existing Customer? \u00a0\tWhat are the entries Runway would record when the $25 Referral Credit is redeemed against a $100 purchase made by the Existing Customer?\t3. Runway is planning to adopt IFRSs in the near future. What is the relevant?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. How should the $25 Referral Credit be recorded in Runway&#8217;s Income Statement&#8221;\ufffd as a reduction of revenue or as a marketing expense? 2. When would Runway record the $25 Referral Credit? What are the entries Runway would record when <a href=\"https:\/\/www.benedictsol.com\/blogs\/ac-551-unit-4-assignment-fasb-codification-case-13-1-refer-a-friend-program\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-199336","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=199336"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199336\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=199336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=199336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=199336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}