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:

Bo Dietl

A former New York City Police Department detective and media personality known for his work in law enforcement and security consulting.

Deductive Reasoning

A method of reasoning from the general to the specific, where conclusions follow logically from premises.

Investigative Expertise

Specialized skill or knowledge in conducting detailed and systematic examinations or inquiries.

Sound

A logical argument that is both valid and based on accurate premises.