Under EITF 00-21, what is the difference between the residual method and the reverse residual method?

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Under EITF 00-21, what is the difference between the “residual method” and the “reverse residual method”?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:08 AM

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Under EITF 00-21, what is the difference between the residual method and the reverse residual method?

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With the residual method the fair value of undelivered elements is used to compute the estimated ...View the full answer

Intermediate Accounting

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