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  3. Study Set
    Australian Financial Accounting
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    Exam 15: Revenue Recognition Issues
  5. Question
    When It Is Probable That Total Contract Costs Will Exceed
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When It Is Probable That Total Contract Costs Will Exceed

Question 46

Question 46

True/False

When it is probable that total contract costs will exceed total contract revenue,the expected loss should not be recognised as an expense until the future economic sacrifice eventuates.

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