On October 15, 1990 United Airlines placed the largest wide-body aircraft order in commercial aviation history-60 Boeing 747-400s and 68 Boeing 777s-with an estimated value of $22 billion. With this order, United became the launch customer for the B777. this order was equally split between firm orders and options.
1. Speculate on how firm the commitment was on the part of UA to accept delivery of the planes.
2. Speculate on the disclosure for this order in the 1990 financial statements and notes of UA.
3. Speculate on the disclosure for this order in the 1990 annual report of UA. (Exclude the financial statement and notes).
4. Speculate on the disclosure for this order in the 1990 financial statements and notes of Beoing.
5. Speculate on the disclosure for this order in the 1990 annual report of Boeing. (Exclude the financial statement and notes).
Can you not only provide answer but explain the answer? I've already answered A & B, which is why they've been omitted.