ThyssenKrupp AG, headquartered in Germany, is one of the world's biggest technology companies, with more than 199,000
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1. Access ThyssenKrupp's most recent annual report using the Internet. Find the footnote describing significant accounting policies. Indicate the methods that ThyssenKrupp uses to account for long-term construction contracts when they can and cannot make an accurate estimate of the income on a construction contract.
2. If ThyssenKrupp was a U.S company, how would you expect its accounting for these contracts to differ?
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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