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LABU 101 - ACCT 101 Case Study

LABU 101 - ACCT 101 Case Study - LABU 101 ACCT 101 Case...

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12/30/09 LABU 101 - ACCT 101 Case Study WU KA MAN 27 November 2009
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12/30/09 Case 5- Unbilled Receivables -receivables where the services or products have been delivered -revenue has been recognized - the invoice has not been generated Why in-progress projects valued at billing rates? Any difference in the reported owners’ equity
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12/30/09 Percentage-of-completion -the contract signed clearly specifies the price and payment options -the customers are expected to pay the whole amount -the firm is expected to complete the project
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