Discussion Post
• What are the two methods of revenue recognition for construction contracts? What are the conditions to use one method instead of the other?
• In the five step model of revenue recognition, there are some issues in practice. One such issue is the Sale with Right of Return. Discuss how do you recognize revenue when the customer has the right to return?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.