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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.
PURPOSES OF PATIENT's /CLIENT's RECORDS Following purposes are served by maintaining patient's/client's records: A means of communication. A basis on which therap
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What resources are competed for by (a) animals, (b) plants? (a) Animals compete for food, mates and shelter. (b) Plants compete for light, water and minerals.
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Q. Show the Principles of Prevention of diabetes mellitus? Principles of primary prevention of diabetes are: Creating awareness of diabetes mellitus Identifying Pre-D
FUNCTION S OF KIDNEY - 1. Excretion of nitrogenous wastes. 2. Maintenance of water balance or osmoregulation. 3. Acid base balance or regulation of pH.
Explain Adverse Effects of ganciclovir Ganciclovir is teratogenic, carcinogenic and mutagenic and causes aspermatogenesis in animals. Granulocytopenia and thrombocytopenia, whi
Explain Eicosanoids Eicosanoids are the local hormones formed by body tissues during self-healing responses to stimuli. Eicosanoids are a family of compounds deriv
Is a peptide bond a covalent or a non-covalent bond? Please explain.
ABSORPTIO N OF FOOD Absorption from Mouth Here negligible tobacco, alkohal and some medicines as isoprenailne glycerol tri nitrite is absorbed. Absorptio n from Sto
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