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antoniya [11.8K]
2 years ago
12

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the

seller should account for revenue using:
Business
1 answer:
IRISSAK [1]2 years ago
8 0

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using "cost recovery method".

<h3>What is cost recovery method?</h3>

According to the "Cost Recovery Rule," any excess cash value (cost basis) over premium payments that results from a partial withdrawal of cash or a policy surrender is taxable income.

Calculation for cost recovery method includes:

  • the product's operating expenses, such as those for hardware, software, and labour, should all be added up.
  • Analyse whole revenue, regardless of whether a client made a lump-sum payment or several instalments.
  • To calculate the profit, deduct the cost of products from whole sales.

To know more about the lump-sum payment, here

brainly.com/question/23220127

#SPJ4

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Who, Inc., has offered $542 million cash for all of the common stock in Dunn IT Corporation. Based on recent market information,
Pepsi [2]

Answer:

The synergistic benefits from the merger = $38 million

Explanation:

Given:

Who Inc. offered amount = $542  million

Dunn IT current worth = $504 million

Computation of synergistic benefits from the merger  :

The synergistic benefits from the merger  = Who Inc. offered amount - Dunn IT current worth

The synergistic benefits from the merger = $542  million - $504 million

The synergistic benefits from the merger = $38 million

4 0
4 years ago
49) The stereotypical automobile dealership uses tactics like high pressure and bargaining to get customers to buy. This is an e
sveta [45]

Answer:

B) sales

Explanation:

This is an example of the sales orientation. This business strategy focuses on persuasion in order to convince customers to buy products or pay for services rather than molding the products to fit the customers' needs and desires. Business operating with a sales orientation tend to heavily rely on advertisement.

4 0
3 years ago
Which of the following statements about persuasion and persuasive messages in today's digital age is least accurate?
m_a_m_a [10]

Answer:

a.

Explanation:

Based on the scenario being described within the question it can be said that the least accurate of all of these statements would be " Because of technology, the number of persuasive messages has decreased." This is completely false because technology has not decreased the flow of information but instead drastically increased in, and this includes persuasive messages as well.

4 0
3 years ago
Read 2 more answers
An undercover police officer is using an informant in order to be introduced to a local drug dealer. Just prior to the operation
Rama09 [41]

Answer:

The correct answer is that: informants are difficult to control and the police can not trust in them always.

Explanation:

To begin with, if the police officer finds out that the informant went behind his back and purchase drug then the officer must understand that the informant is not trustful and moreover<u> he could mean a risk to the whole undercover operation</u> that the police officer is managing, therefore that the scenario is propounding that situations like that exemplify that informants can not be trusted due to the fact that they are ex convicted and that is why the officers have to be carefull when working with them.

8 0
3 years ago
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Which of these represents the WORST negotiating tactic you can use when purchasing a vehicle?
allsm [11]
Let the dealer know you are shopping around. Why? Because they will try to rope you in to only go through them.
8 0
3 years ago
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