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Business, 07.08.2019 03:20 joejoefofana

Which of the following is true about accounting for long-term construction contracts? a. contract assets are likely to be larger if revenue is recognized over time than if revenue is recognized at a point in time. b. contract assets are likely to be smaller if revenue is recognized over time than if revenue is recognized at a point in timec. contract assets are likely to be the same size regardless of whether revenue is recognized over time or at a point in timed. there is no way to tell how revenue recognition timing will affect the size of contract assets without more information.

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Which of the following is true about accounting for long-term construction contracts? a. contract as...
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