When a measure of percentage of completion other than cost-to-cost is used, the amount of cost charged

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When a measure of percentage of completion other than cost-to-cost is used, the amount of cost charged against revenue using the percentage of completion usually will be different from the costs incurred. How do some AICPA committee members recommend handling this situation so that the costs charged against revenue are equal to the costs incurred?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

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

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