Question
At what time is it proper to recognize income in the following cases: (a) Installment sales with no reasonable basis for estimating the degree of
At what time is it proper to recognize income in the following cases:
(a) Installment sales with no reasonable basis for estimating the degree of collectibility?
(b) Sales or future delivery?
(c) Merchandise shipped on consignment? (d) Profit on incomplete construction contracts? (e) Subscriptions to publications?
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Auditing A Guide To Principles And Practice
Authors: J H Crowhurst
1st Edition
0304309052, 978-0304309054
