1.
To describe: The revenue recognition policy of Incorporation UA and to identify the major source of revenue under Concentration of Credit Risk section of Note 2.
2.
To identify: The types of customers involved in business with Incorporation UA on account and explain the reasons using Note 2 Concentration of Credit Risk section.
3. a. and b.
To compute: a. The average daily sales using total revenues and b. Days’ sales outstanding for 2014.
4.
To compute and evaluate: The company's
To evaluate: the two-year trend of Incorporation UA and explain other information that might be helpful in evaluating these statistics.
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