If a company has numerous long-term construction contracts for which it cannot reliably estimate the costs to

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If a company has numerous long-term construction contracts for which it cannot reliably estimate the costs to complete, would it recognize more or less revenue under IFRS relative to U.S. GAAP? Why?

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Dec 09, 2013 09:30 AM

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If a company has numerous long-term construction contracts for which it cannot reliably estimate the costs to

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IFRS require a company to use a cost recovery method when the outcome of l...View the full answer

Intermediate Accounting

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