Experience of other entitiesand 2 the entitys

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experience of other entities),and (2) the entity's experience or other evidence must  be predictive" (Blake & Rouse, 2017).  Discuss the Proportional and Remote Method for breakage The proportional method is used by the company when a pattern of use can be  determined from the consumer. This will allow the company to then utilize the  reasonably assured method. The remote method is used when the reasonably  assured method cannot and will characterize the breakage as revenue. In addition,  the remote method is typically used for breakage amounts that are small in nature  and are collected at one time past the issuance of the respective card.  References  Blake, T., & Rouse, P. C. (2013, May 27).  Revenue recognition’s effect on gift card  accounting: Are you prepared?       (Links to an external site.)Links to an external  site.   Journal of Accountancy . Retrieved  from        (Links to  an external site.)Links to an external site. Gordon, E. A., Raedy, J. S., & Sannella, A. J. (2016).  Intermediate Accounting Boston, MA: Pearson Education, Inc.
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  • Spring '10
  • TimathyCrawford
  • Accounting, Raedy, reasonably assured standard, Travis Parker

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