Kindly answer no. 1 thank you 363MULTIPLE CHOICE PROBLEMS1. DJD Construction is constructing a building for Hotel Dicin. Under the constructionagreement,if for any reason DJD can't complete construction, Hotel Dian would own the partially.completedbuilding and could hire another cónsfruction company to complete the job.When should DJD recognize revenue:as the building is constructed, or after construction iscompleted?a, Over timeb. Point in timeNo revenue recognizedd. No performance obligationC.2. On January 1. 20x6, Silver Construction Company signed a contract to build a

The revenues in these type of contracts are based on two types of contracts. 1. Revenues under…

Answered: When should DJD recognize revenue

Business

Accounting

When should DJD recognize revenue

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.1.2P

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