If a contract requires cash of $ 10 million to be paid in five years time, will

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If a contract requires cash of $ 10 million to be paid in five years’ time, will $ 10 million of sale revenue be recognized? Explain.

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 07:55 AM

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If a contract requires cash of $ 10 million to be paid in five years time, will

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Some contracts spread the cash payments to be made by the buy...View the full answer

Intermediate Accounting

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