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The Following Is a Diagram of the Earnings Cycle as Presented

Question 16

Multiple Choice

The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982) . The following is a diagram of the earnings cycle as presented by Coombes and Martin (1982) . In the traditional historical-cost accounting model,at what point has revenue been recognised for long-term construction contracts in the building industry? A) Point 8 B) Point 4 C) Point 6 D) Point 5 In the traditional historical-cost accounting model,at what point has revenue been recognised for long-term construction contracts in the building industry?


A) Point 8
B) Point 4
C) Point 6
D) Point 5

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