Under ASPE, when work to be done and costs to be incurred on a long-term contract can be estimated reliably, which of the following methods of revenue recognition is preferable?
A)Instalment method
B)Percentage-of-completion method
C)Completed-contract method
D)Zero-profit method

Question

Quizplus · Accepted Answer

The Answer of Under ASPE, when work to be done and costs to be incurred on a long-term contract can be estimated reliably, which of the following methods of revenue recognition is preferable?
A)Instalment method
B)Percentage-of-completion method
C)Completed-contract method
D)Zero-profit method

Under ASPE, When Work to Be Done and Costs to Be