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Usimov [2.4K]
3 years ago
7

For profitable long-term contracts, income is recognized in each year when revenue is recognized: At a Point in Time Upon Over T

ime According to Contract Completion Percentage of Completion a. No No b. Yes No c. Yes Yes d. No Yes
Business
1 answer:
blondinia [14]3 years ago
6 0

Answer:

d. No Yes

Explanation:

    At a Point in Time Upon                 Over Time According to

    Contract Completion                      Percentage of Completion

a)          no                                                     no

b)          yes                                                   no

c)          yes                                                   yes

d)          no                                                    yes

When companies engage in long contract, they generally use the percentage of completion method to recognize both expenses and revenues. As the company finishes or completes a certain percentage of the project, it will start to recognize revenue according to how much work it completed.

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Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.
GenaCL600 [577]
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therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

3 0
3 years ago
The market value of Yeates Corporation’s common stock had become excessively high. The stock was currently selling for $270 per
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Answer:

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Explanation:

Please see attachment

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3 years ago
Rick and Joe get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. Afte
bezimeni [28]

Answer:

a.common stock.

Explanation:

The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.

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AveGali [126]

Answer:

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I help back so please help me. also i have uploaded many questions today if you want a lot of points...
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I think the 2nd option is the answer.
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