Igaap prohibits the use of the completed-contract method in


1. iGAAP prohibits the use of the completed-contract method in accounting for long-term contracts. If revenues and costs are difficult to estimate, how must companies account for long-term contracts?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Igaap prohibits the use of the completed-contract method in
Reference No:- TGS01497224

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)