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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.
What are melanocytes? Melanocytes are epithelial cells of the skin particular in secretion of melanin. Melanin is a pigment that besides coloring the skin, the iris of the eye
Q What are the two major classes into which fishes are divided? Ans. Fishes are divided into two major classes: osteichthyes, bony fishes (tuna, sardines, salmons) , and chondr
Which of the following statements is true regarding a trihybrid cross between two true-breeding homozygous individuals with contrasting phenotypes? Which of the following statement
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Exercises and ambulation Continue taking all exercises taught in the hospital. Steam inhalation may be continued. Walk on levelled space first, gradually increase the dista
DISEASE CONCERNED WITH KIDNEY - 1. Paget's disease - Abnormalities of kidney. 2. Uramia - Increases in quantity of urea. 3. Nephritis - Inflamation in glom
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Techniques: operation is done under general endo tracheal anaesthesia. Patient is positioned with the left chest tilted up using a sand bag under left chest. Left antero latera
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Database Search: Once an open reading frame or the partial amino acid sequence has been pre-determined, the investigator compares sequence with others in the databases using a com
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