Business, 06.12.2019 01:31, reneebrown017
Which of the following is not true about revenue recognition with respect to long-term construction contracts?
long-term construction contracts often are viewed as having a single performance obligation, because goods or services fail the "separately identifiable" criterion.
long-term construction contracts require accounting for construction in progress as well as billings to customers.
long-term construction contracts often satisfy the criteria for recognizing revenue over time.
long-term construction contracts typically include multiple performance obligations because of all the different types of goods or services included for each project.
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Which of the following is not true about revenue recognition with respect to long-term construction...
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