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Business, 31.03.2020 22:46 tankddd

An entity entered into a contract to construct a building. Based on the contract’s terms, the entity appropriately determined that the performance obligation in the contract will be satisfied over time. At an early stage of the contract, the entity cannot reasonably measure the outcome of the contract, but it expects to recover the costs incurred in the construction of the building. The revenue from the contract should be recognized .

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An entity entered into a contract to construct a building. Based on the contract’s terms, the entity...
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