The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).
In the traditional historical-cost accounting model, at what point has revenue been recognised for long-term construction contracts in the building industry?
A) Point 8.
B) Point 4.
C) Point 6.
D) Point 5.
E) None of the given answers.

Question

The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).
In the traditional historical-cost accounting model, at what point has revenue been recognised for long-term construction contracts in the building industry? 
A) Point 8. 
B) Point 4. 
C) Point 6. 
D) Point 5. 
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982).
In the traditional historical-cost accounting model, at what point has revenue been recognised for long-term construction contracts in the building industry? 
A) Point 8. 
B) Point 4. 
C) Point 6. 
D) Point 5. 
E) None of the given answers.

The Following Is a Diagram of the Earnings Cycle as Presented