Recognize income in sales for future delivery, Accounting Standards

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Recognize income in sales for future delivery

Response to the following problem:

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?

(d) Profit on incomplete construction contracts?

(e) Subscriptions to publications?

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Accounting Standards: Recognize income in sales for future delivery

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Accounting Standards: Recognize income in sales for future delivery

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