Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Revenue Recognition on Long-term Construction Projects?
Revenue Recognition on Long-term Construction Projects Company identifies revenue from a long-term construction project under two different methods (a) the completed-contract method or (b) the percentage-of-completion method. The completed-contract method doesn't recognize any revenue until the project is completed. In that period they make out all revenue even though the contract may have required three years to complete. Consequently the completed-contract method recognizes revenues at the time of sale as is true for most sales transactions. Companies hold costs incurred on the project forward in an inventory account (Construction in Process) and charge them to expense in the period in which the revenue is recognized. Some accountants squabble that waiting so long to recognize any revenue is unreasonable. They believe that for the reason that revenue-producing activities have been performed during each year of construction revenue must be recognized in each year of construction even if estimates are needed.
What is the difference between an acid and a base? Base is anything, which has a capability to abstract a proton. Using the easiest definition, an acid is something when add
The cell membrane is produced of lipids, proteins and carbohydrates. The membrane lipids are phospholipids, a particular type of lipid to which one extremity a phosphate group i
Selenium and vitamin E deficiency Selenium is an essential micro-mineral required for various physiological functions and for immunity against a variety of diseases. It is an i
Provides one dimensional ("ice pick") view of the heart only provides information with respect to the distance of each object from the transducer and no information in the l
Explain the main function of the digestive system The major function of the digestive system is to ingest the food materials, digest it to absorbable end products, absorb the
Why methyl alcohol is used in destarching?
Osmoregulatory Animal An osmoregulatory animal is generally in an osmotic steady state even though there may be hourly and daily variations in osmotic balance. The concentrati
What is Joints Joints are locations where two or more bones come together, or articulate. Bones are joined with varying degrees of rigidity. Joints may be fixed, as in the s
Is the interphase of meiosis different from the interphase of mitosis? The interphase that precedes meiosis is same to the interphase that precedes mitosis. In them the major e
Define Safety points that should used in the Laboratory? You should be aware of the rules/regulations and the procedures before undertaking any practical work in the laboratory
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd