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Wiley Book > Research or Development Accounted for on the Milestone Basis > Flashcards

Research or Development Accounted for on the Milestone Basis Flashcards

1
Q

If Substantive milestone is achieved what amount of revenue is recognized?

A

Contingent revenue is recognized in it’s entirety

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2
Q

Milestone method of accounting may be used to recognize revenue for?

A

Research and Development arrangements

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Wiley Book (15 decks)

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