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13. 15 Texas Custom Homes (TCH) constructed a new subdivision during 2023 and 2024 under contract with Oberst Development Company. Relevant data are summarized below:

13.

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Texas Custom Homes (TCH) constructed a new subdivision during 2023 and 2024 under contract with Oberst Development Company. Relevant data are summarized below: TCH recognizes revenue over time with respect to these contracts. In its December 31, 2023, balance sheet, TCH would report: The Hammer Company could disseminate its annual financial statements two days earlier if it shifted substantial human resources from other operations to the annual report project. Management decided the value of the earlier report was not worth the added commitment of resources. The concept demonstrated is: Multiple Choice Timeliness. Materiality. Cost-effectiveness. Relevance

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