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Profit on incomplete construction contracts

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Reference no: EM131591895

Question: At what time is it proper to recognize income in the following cases:

(a) Installment sales with no reasonable basis for estimating the degree of collectibility?

(b) Sales for future delivery?

(c) Merchandise shipped on consignment?

(d) Profit on incomplete construction contracts?

(e) Subscriptions to publications?

Reference no: EM131591895

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