Piaggio (Piaggio.com) manufactures two-, three- and four-wheel vehicles, and is Europe’s leading…

Piaggio (Piaggio.com) manufactures two-, three- and four-wheel vehicles, and is Europe’s leading manufacturer of motorcycles and scooters.Required1. Locate the notes to its December 31, 2011, financial statements at the company’s Website, and read note 2.2 Accounting Principles—Recognition of Revenues, first paragraph only. When is revenue recognized by Piaggio?2. Refer to Piaggio’s financials in Appendix A. What is Piaggio’s profit margin for the year ended December 31, 2011?View Solution:
Piaggio Piaggio com manufactures two three and four wheel vehicles and is

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