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    Intermediate Accounting Study Set 6
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    Exam 18: Income Recognition and Measurement of Net Assets
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    In Real Estate Sales, What Method of Revenue Recognition Must
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In Real Estate Sales, What Method of Revenue Recognition Must

Question 36

Question 36

Multiple Choice

In real estate sales, what method of revenue recognition must be used if the sale is not consummated?


A) deposit method
B) cost recovery method
C) installment method
D) completed-contract method

Correct Answer:

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