1. a Contract That Is No Longer ______

question 54

Essay

1. A contract that is no longer ______
profitable to the company.
2. An entity may have an implicit obligation ______
even if it is not explicitly noted
in the sales contract.
3. Sales that are comprised of ______
several individual components.
4. The party acting as an agent for ______
the seller.
5. The method to allocate sales prices ______
to individual components of a sales
bundle where the fair value of the
undelivered item is subtracted from
the overall purchase price.
6. The method used to account for ______
long-term contracts that do not
recognize profits before the completion
of the project.
7. The account used in the percentage-of ______
completion and completed-contract
methods to accumulate costs and
recognize profits.
8. Cash or other assets an entity ______
receives in return for the provision
of goods or services.
9. The actions a company takes to ______
add value.