An article published in Accounting Horizons describes the current accounting practices and disclosures for long-term contracts for
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In your library or from some other source, locate the indicated article in Accounting Horizons, September 2004, and answer the following questions:
1. How many firms reported the use of one of the two long-term contract accounting methods?
2. Approximately half of the firms are in which industry?
3. How many firms reported the use of the percentage-of-completion method? The completed contract method?
4. What is the most frequently used approach to estimating a percentage-of-completion?
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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