What Are the Two Methods That Recognize Revenue Prior to the Full

question 41

Essay

What are the two methods that recognize revenue prior to the full completion of the earnings process and what two methods recognize revenue after the earnings process is complete and when realization occurs?
Methods that recognize revenue prior to the full completion of the earnings process.
1) percentage-of-completion
2) proportional performance method

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Definitions:

Gestalt Psychology

A theory of mind that emphasizes the idea that the whole of anything is greater than its parts, focusing on perception in a holistic manner.

African-American Psychologist

refers to psychologists who are of African-American descent and may focus on issues related to race, culture, and identity in their research and practice.

Shaw University

A historically black university located in Raleigh, North Carolina, known for its diverse programs and as the first HBCU in the South.

Virginia State College

A public historically black university located in Petersburg, Virginia, focused on a wide range of academic disciplines.