What is an onerous loss on a contract? When is the provision for the loss recognized?
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An onerous contract is a contract that is unprofitable and arises when the consideration yet to be ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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