1. What are the advantages and disadvantages of the single step income statement. Also, explain why managers within the organization do not prefer the single step
2. When is revenue conventionally recognized? What conditions should exist for the recognition at date of sale of all or part of the revenue of any sale transaction?
3. Compare and contrast the percentage of completion and completed contract method?
4. What is earnings management and how does earnings management affect a company’s quality of earnings?
