Under US GAAP, when the seller has completed the[...]in the [...] and is either assured of collecting the selling price, a sale of real estate is reported at the time of sale using the normal revenue recognition conditions.
Under US GAAP, when the seller has completed the[...]in the [...] and is either assured of collecting the selling price, a sale of real estate is reported at the time of sale using the normal revenue recognition conditions.
Under US GAAP, when the seller has completed the[...]in the [...] and is either assured of collecting the selling price, a sale of real estate is reported at the time of sale using the normal revenue recognition conditions.
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significant activities
earnings process
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Open it Under US GAAP, when the seller has completed the significant activities in the earnings process and is either assured of collecting the selling price or able to estimate amounts that will not be collected, a sale of real estate is reported at the time of sale using the normal reve
Original toplevel document
3.2.2. Installment Sales for some installment sales. An example of such deferral arises for certain sales of real estate on an installment basis. Revenue recognition for sales of real estate varies depending on specific aspects of the sale transaction.19
<span>Under US GAAP, when the seller has completed the significant activities in the earnings process and is either assured of collecting the selling price or able to estimate amounts that will not be collected, a sale of real estate is reported at the time of sale using the normal revenue recognition conditions.20 When those two conditions are not fully met, under US GAAP some of the profit is deferred. Two of the methods may be appropriate in these limited circumstances and relate to the amou
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