[Solved] Which of the Following Is Least Likely to Be a Reason

Question 160
Multiple Choice

Which of the following is least likely to be a reason why a long-term construction contract would qualify for revenue recognition over time?

A)The customer consumes the benefit of the seller's work as it is performed.
B)The customer controls the asset as it is created.
C)The seller is creating an asset that has no alternative use to the seller,and the seller has the legal right to receive payment for progress to date.
D)The seller is constructing an addition to property that is owned by the customer.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Business

Explore our library and get Accounting Homework Help with various study sets and a huge amount of quizzes and questions

3.5K

Study sets

66.5K

Quizzes

5.9M

Questions

Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans