When Accounting for Long-Term Contracts (Other Than Those for Services),all

question 2

Multiple Choice

When accounting for long-term contracts (other than those for services) ,all of the following accounting methods may be acceptable with the exception of

• A)the cash method of accounting.
• B)the completed contract method.
• C)the percentage of completion method.
• D)the modified percentage of completion method.

Acknowledge how personal attitudes and prejudices can act as barriers to effective communication.

Appreciate the role of cultural diversity in communication and coping strategies.

Understand the concept of coping skills and their importance in psychological well-being.

Differentiate between adaptive and non-adaptive coping skills.

---

Definitions:

Government Revenue

The income received by the government from taxes, fees, fines, and other sources.

Specific Tariff

is a fixed fee imposed by a government on imported or exported goods, based on the quantity of the goods rather than their value.

Imported Good

A product or service that is brought into one country from another country for the purpose of sale or use.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.