menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 1
  4. Exam
    Exam 6: Revenue Recognition
  5. Question
    When a Contract Becomes Unprofitable to an Entity, This Is
Solved

When a Contract Becomes Unprofitable to an Entity, This Is

Question 84

Question 84

Multiple Choice

When a contract becomes unprofitable to an entity, this is called a(n)


A) uncompleted contract.
B) zero-profit contract.
C) onerous contract.
D) unenforceable contract.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q79: Constructive obligation<br>Picot Ltd. Sells goods with $

Q80: Consignment sales<br>On July 2, Cardinal Corp. ships

Q81: At the end of year 2, the

Q82: Accounting for long-term construction contracts<br>The

Q83: Under IFRS, when a vendor gives a

Q85: Under a consignment arrangement, the risk that

Q86: The concept of commercial substance in purchase

Q87: Blues Construction Corp. has consistently used

Q88: Under the completed-contract method,<br>A) revenue, costs, and

Q89: The principal disadvantage of using the percentage-of-completion

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines