When is an estimated loss on a long-term contract recognized, both for contracts that recognize revenue over

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When is an estimated loss on a long-term contract recognized, both for contracts that recognize revenue over time and those that recognize revenue at the point in time the contract is completed?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Sep 20, 2019 12:38 PM

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When is an estimated loss on a long-term contract recognized, both for contracts that recognize revenue over

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Intermediate Accounting

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