When a long-term service contract requires services to be performed in more than one act, revenue is recognized by the
A) percentage-of-completion method
B) proportional performance method
C) completed contract method
D) All of these choices

Question

Quizplus · Accepted Answer

The Answer of When a long-term service contract requires services to be performed in more than one act, revenue is recognized by the
A) percentage-of-completion method
B) proportional performance method
C) completed contract method
D) All of these choices

When a Long-Term Service Contract Requires Services to Be Performed