Both the installment method and the cost recovery method recognize revenue when a firm collects cash. Why,

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Both the installment method and the cost recovery method recognize revenue when a firm collects cash. Why, then, does the pattern of income (that is, revenues minus expenses) over time differ under these two methods?

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Question Posted: Dec 07, 2011 05:20 AM

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Both the installment method and the cost recovery method recognize revenue when a firm collects cash. Why,

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Under the installment method accountants recognize proportionate parts of the cos...View the full answer

Financial Accounting an introduction to concepts, methods and uses

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