Reference no: EM132680318
Problem 1: Under ASPE, when selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be
1- the terms of payment in the contract.
2- the inherent nature of the contractor's technical facilities used in construction.
3- the method commonly used by the contractor to account for other long-term construction contracts.
4- the degree to which a reliable estimate of the costs to complet and extent of progress toward completion can be made.
Problem 2: Under ASPE, when selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be
1-the terms of payment in the contract.
2- the inherent nature of the contractor's technical facilities used in construction.
3- the method commonly used by the contractor to account for other long-term construction contracts.
4- the degree to which a reliable estimate of the costs to complet and extent of progress toward completion can be made.
Compute the ratio of net sales to assets
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Which the risk that the customer will not pay is called
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Have evaluated the expected impact of the change
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What the principal factor to be considered should be
: Under ASPE, when selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be
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What amount of gross profit should manson recognize
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