Which of the Following Is NOT Necessary in Order to Recognise

question 14

Multiple Choice

Which of the following is NOT necessary in order to recognise revenue under the percentage of completion method?

• A) Total costs for the project are reasonably determinable.
• B) The contract price (total revenue)must be reasonably certain.
• C) There must be a reasonable assurance of payment.
• D) Engineering estimates of the percentage of completion have been made.

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Definitions:

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Capacities To Enjoy

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The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964.

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The unequal distribution of income within a population, often leading to social and economic disparities.