For which of the following products is it appropriate to

Reference no: EM13568417

1. One of the more popular input measures used to determine the progress toward completion in the percentage-of-completion method is

a. revenue-percentage basis.

b. cost-percentage basis.

c. progress completion basis.

d. cost-to-cost basis

2. The criteria for recognition of revenue at the completion of production of precious metals include

a. sales price is reasonably assured.

b. No significant costs are involved in distributing the product.

c. units are interchangeable.

d. all of these.

3. In certain cases, revenue is recognized at the completion of production even though no sale has been made. Which of the following statements is not true?

a. Examples involve precious metals or farm equipment.

b. The units are interchargeable.

c. No significant costs are involved in distributing the product.

d. all of these statements are true.

4. For which of the following products is it appropriate to recognize revenue at the completion of production even though no sale has been made?

a. Automobiles.

b. Large appliances

c. Single family residental units.

d. precious metals

Reference no: EM13568417

Questions Cloud

Rational exponent and complex numbers hello please complete : hello please complete the questions and submit back to me. if i have additional questions regarding the same questions

Healthcare management final assessment instructionsthe four : final assessment instructions ltbrgt ltbrgtthe four basic functional components of the u.s. health care delivery system

Shipman hi please find the attachment file make paraphrase : hi please find the attachment file. make paraphrase for the both files using academic writing with same meaning and

When a company exchanges goods for goods of another company : 1. when a companys activities involve production through natural growth or aging of biological assets plant or living

For which of the following products is it appropriate to : 1. one of the more popular input measures used to determine the progress toward completion in the

Identify a theory effective communication among healthcare : identify a theory effective communication among healthcare provider that can be used to support your proposed

In accounting for a long-term construction-type contract : 1. the revenue recognition principle indicates that revenue is recognized wheni. the benefits can be measured

Japan life insurance company invested 10000000 in : japan life insurance company invested 10000000 in pure-discount u.s. bonds in may 1995 when the exchange rate was 80

Discuss how the advent of the euro would affect : discuss how the advent of the euro would affect international diversification

User Account

All Pages