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

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

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

The Following Is a Diagram of the Earnings Cycle as Presented