Explain how to account for revenue on a long-term contract over time as opposed to at a

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Explain how to account for revenue on a long-term contract over time as opposed to at a point in time. Under what circumstances should revenue he recognized at the point in time a contract is completed?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Aug 04, 2016 10:06 AM

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Explain how to account for revenue on a long-term contract over time as opposed to at a

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If a longterm contract qualifies for revenue recognition over time the seller r...View the full answer

Intermediate Accounting

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