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Anastaziya [24]
3 years ago
12

An entity entered into a contract to construct a building. Based on the contract’s terms, the entity appropriately determined th

at the performance obligation in the contract will be satisfied over time. At an early stage of the contract, the entity cannot reasonably measure the outcome of the contract, but it expects to recover the costs incurred in the construction of the building. The revenue from the contract should be recognized __________.
Business
1 answer:
Jet001 [13]3 years ago
8 0

Answer:

It should be recognized to the extent of cost implication

Explanation:

Contract is simply an agreement reached between two or more parties which must be strictly adhered to. If the entity above recognizes above the extent of cost implication, it would a violation or breach of contract. So, the revenue must be recognized to the extent at which cost was incurred.

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Which of these elements contributes toward globalization of the economy?
Shtirlitz [24]

Answer:

Use of foreign labor

Explanation:

A p E x Verified

5 0
3 years ago
Read 2 more answers
The windshield division of fast car co. makes windshields for use in fast car's assembly division. the windshield division inncu
timama [110]
Answer and Explanation:
The possible transfer prices that could be used on transfers between the Windshield and Assembly divisions is $200 to $450.
4 0
3 years ago
these students have an increase in sadness and depression question 7 options: a) elementary school b) middle school c) high scho
stealth61 [152]
 C) High school

Depression and sadness generally begin at the age of 12, which is directly in the middle of middle school (about 7th grade), but is much more common in 13-17 year olds. I would say high school is a better answer to this question. 

Hope I'm able to help!
6 0
3 years ago
Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $
Alik [6]

Answer:

Option (c) is correct.

Explanation:

Jim Angel holds a $200,000 portfolio

Weight of stock-A is as follows:

= Investment of stock A ÷ Total investment

= $50,000 ÷ $200,000

= 0.25

Therefore,

Portfolio beta:

= (0.25 × 1.20) + (0.25 × 0.80) + (0.25 × 1.00) + (0.25 × 1.20)

= 0.3 + 0.2 + 0.25 + 0.3

= 1.05

Therefore, the portfolio's beta is 1.05.

7 0
3 years ago
Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and oth
BARSIC [14]

Answer:

The current ratio is 2.98

Explanation:

total current assets = cash + receivables + inventory + other current assets

                                = $102 million + 94 million + 182 million + 18 million

                                = $396 million

total current liabilities = accounts payable + current portion of long term debt

                                     = $98 million + $35 million

                                     = $133 million

current ratio = current assets/current liabilities

                     = [$396 million]/[$133 million]

                     = 2.98

Therefore, The current ratio is 2.98

6 0
3 years ago
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