CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Under the completed contract method, revenue is recognized ______

A. when construction begins on the project.
B. when the project is complete.
C. throughout the project, based upon the amount of work completed each year.
Correct Answer: B

Revenue is recognized only when the contract is completed.

User Contributed Comments 5

User Comment
eb2568 ...as the name implies.
ldfrench If you missed this, you should look for a career in HR or marketing instead.
schweitzdm If you missed this, you should put it on a flashcard and study it while ignoring elitist comments on Analyst Notes.
fobucina It's always nice to see people having the urge to make conceited comments.
gyee2012 usually the people making conceited comments dont get the question right
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