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I need a brief explanation of the answer 20. For fixed-price construction contracts that require more than one accounting period to complete and for which
I need a brief explanation of the answer
20. For fixed-price construction contracts that require more than one accounting period to complete and for which the costs can be reasonably estimated, revenue should be recognized
a. | during production |
b. | at the completion of production |
c. | when title to the project is transferred to the buyer |
d. | when the cash is received from the buyer |
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