Which of the following methods could not be used to recognize revenue on a real estate sale?
A)completed contract
B)deposit method
C)installment method
D)cost recovery method

Question

Quizplus · Accepted Answer

The completed contract method is not typically used to recognize revenue on a real estate sale. Instead, revenue recognition in real estate often occurs over time as payments are received (installment method), after certain costs are recovered (cost recovery method), or when a significant deposit is forfeited (deposit method), aligning with the principle of recognizing revenue when it is earned and realizable.

Which of the Following Methods Could Not Be Used to Recognize