Multiple Choice
Duro Brothers Ltd. is a construction company located in Toronto. The company is responsible for several large building complexes currently being constructed in the Toronto area. Total revenue and costs can be readily estimated and each contract is expected to take several years to complete. How is Duro most likely to recognize revenue?
A) percentage of completion method
B) equally over the term of the contract
C) at the time of contract signing
D) all revenue at the end of the job
Correct Answer:
Verified
Correct Answer:
Verified
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