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23) A right of return exists when: A) the customer is entitled to a full or partial refund. B) the customer is entitled to a19) Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project anthe percentage-of-completion method of revenue recognition? A) DR Inventory: Construction in progress $1,000,000 CR Accounts20) Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project an21) On January 1, 2018, Monroe Contractors signed a contract to inspect and complete needed repairs to the water lines for th

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Answer #1

Q19

Ans B as the revenue recognized on  basis of percentage of completion method for construction contract as per revenue contract with customer

Q 20

ans C

Q 21

ans D

Q 23

ans D (any one conditions are satisfied right to return )

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