FRA Revenue Recognition

Alexander & Baldwin , Inc.

Revenue Recognition

Overview

A&B Founded in 1870 and incorporated in 1900, the company has a wide variety of revenue sources , including property sales , rental income and sales of raw sugar and coffee

Real estates Revenue Recognition

Real estates revenue recognized after the sale process when the risks and benefits of ownership has transferred to buyers , fully amount received or payment received and the remaining balances is reasonably assured .

a- Real estate Sales Revenue Recognition

Conservative ? reasonable ?

its reasonable, because the payment has been received from buyer , and the real estate has delivered to customer (can be measured)

its conservative, because the buyer has been given all the information, including the benefits and risk related to the real estate.

Also , the real estate (its Value and Income ) neither overstated nor understated according to the Corp. records .