Which of the Following Is Least Likely to Be a Reason

question 141

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.

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Definitions:

Arcuate

Describing something as having a curved shape or structure, often used in biological and anatomical contexts.

Interlobar Arteries

Blood vessels that run between the lobes of an organ, such as the kidneys, facilitating blood flow.

Renal Pyramid

Cone-shaped tissues of the kidney that are involved in urine transport and formation.

Peritoneal

Relating to or affecting the peritoneum, the serous membrane lining the cavity of the abdomen and covering the abdominal organs.