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Hi, I would like the answer of the question, not a solution. I am in a hurry, so quick response will be appreciated. Thank you.
Hi, I would like the answer of the question, not a solution. I am in a hurry, so quick response will be appreciated. Thank you.
Question 5 (1 point) 1) Listen Which of the following methods of revenue recognition would be selected when a vendor has another firm acting as its selling agent? A) Consignment sales method. B) Installment sales method. C) Returned goods method. D) Cost recovery method. Question 6 (1 point) Listen Algae builds large ships and uses the percentage of completion method of revenue recognition. The following information pertains to the construction contracts it had in place as of its December 31, 2021 year-end. 2020 2021 Cost incurred to date 200 million 400 million Costs to complete 600 million 600 million contracts Total price of contracts 1,300 1,300 outstanding at December million million 31, 2021 How much revenue will Algae recognize in 2020? O A) $433 million B) $260 million OC) $325 million D) $1,300 million
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