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Which of the following may affect the revenue recognized by an entity on construction contract? I. Incentive payments II. Penalties III. Variation in contact work
Which of the following may affect the revenue recognized by an entity on construction contract? I. Incentive payments II. Penalties III. Variation in contact work (change of contract design) IV. Cost escalation All the choices I, II and II II, III and IV I, II and IV
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Financial Accounting
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
14th edition
1305088433, 978-1305088436
