Question
Under the new rule FASB ASC 606 Revenue Recognition: How are costs treated under the percentage of completion input method? Do you accumulate costs incurred
Under the new rule FASB ASC 606 Revenue Recognition: How are costs treated under the percentage of completion input method? Do you accumulate costs incurred to date to carry forward? How would the purchase of material be treated if you did not used all of it one period for as an example, construction of a building?
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Public Sector Audit
Authors: Carolyn J. Cordery, David C. Hay
1st Edition
0367650622, 9780367650629
